
Could Green Bonds Be the Cheaper Solution to Replacing Scotland’s Ageing Trains?
Scotland's trains are in desperate need of an upgrade, but the hefty price tag for modernisation is a problem that’s been difficult to solve. With passenger trains getting older by the day, the Scottish Government is facing mounting pressure to find a cost-effective way to replace them. Enter the idea of “green bonds,” a financial instrument that could change the game. But could these bonds, designed to fund eco-friendly projects, really save Scotland’s taxpayers hundreds of millions? The Case for Green Bonds Green bonds are a type of debt instrument issued by governments, institutions, or companies to fund environmentally friendly…