Austria is now also entering the booming market for green bonds.
The first green federal bond is to be issued in the first half of the year.
This was announced by the Ministry of Finance in Vienna together with the Federal Financing Agency on Tuesday.
The exact schedule depends on market conditions.
The money should flow into the expansion of public transport, renewable energies, sustainable agriculture or the water infrastructure.
Austria is comparatively late on the subject.
Countries like France, Denmark or Germany, but also companies and banks, have been issuing such paper for years.
With the framework for green federal securities published today, the basis for the issuance of green securities has been created, the ministry said.
The format includes both short-term forms of financing and medium- to long-term instruments.
The capital raised from investors will be used for federal financing measures that promote a sustainable greening of the economy and the transition to net-zero greenhouse gas emissions, it said.
These include, for example, the promotion of clean transport and renewable energy, sustainable water and wastewater management, increasing biodiversity or preventing environmental pollution.
Austria wants to be climate neutral by 2040.
According to the Ministry of Finance, heavy investment in the transformation is necessary for this to succeed.
"But the state alone will not be able to do everything on its own in the area of greening, so private capital is needed to achieve our goals," said Finance Minister Magnus Brunner (ÖVP).
The green offer is intended to further expand Austria's investor base and at the same time promote the domestic market for green financing.