By 2022, the Moscow government plans to buy 500 electric buses using green bonds. The electric buses will complement the fleet of public electric buses in Moscow, which currently number 1000 units with a total of 66 routes. The number of electric buses is the largest electric bus fleet in America and Europe.
Green bonds have long been known as an instrument to raise money related to environmentally friendly projects and climate change.
Moscow itself has entered the green bond market for sustainable and environmentally friendly projects. Previously, funds from green bonds were used to buy 400 electric buses. Overall, half of Moscow’s entire public electric bus fleet is financed using green bonds.
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Moscow itself will stop buying buses with diesel engines for public transport operators in 2021.
The electric bus itself was first launched in Moscow in 2018. Overall the electric bus has covered more than 60 million kilometers and carried more than 156 million passengers.
