EU Commission President Ursula von der Leyen has announced her intention to financially support the issue of green government bonds in the Global South. In Europe, green bonds have proven to be an incredibly effective instrument for mobilizing private investment, said von der Leyen in New York at the summit of the Alliance of Small Island States (AOSIS) on the sidelines of the UN General Assembly. However, when a developing country issues green bonds, it often has to pay investors very high interest rates.