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Guernsey Launches First Green Fund Product

Guernsey has launched a world-first regulated green fund product as part of Guernsey’s plans to become the ‘go-to’ international finance centre for green finance. Fund managers can now launch a fund under one of the existing Guernsey fund structures, demonstrate compliance with the green rules - which include 75% of a fund’s assets by value must meet specified green criteria - and choose from one of 2 certifications, either third-party or self certification. Permitted investment areas include renewable energy, efficient energy generation, energy efficiency, agriculture, waste and waste water and transport. The rules use an internationally-recognised set of green criteria, developed by the joint...