Maris Research

European Sovereign Green Bonds Gain Despite (Or Maybe Because Of ) COVID-19

Share on facebook
Share on facebook
Share on twitter
Share on linkedin

The EU itself plans to sell €225 billion in green bonds over the next four years. The British chancellor of the exchequer, Rishi Sunak, last week announced plans for the first green gilts next year as he seeks to maintain London’s status as a leading financial center.

The UK will host the COP26 climate change conference next year in Glasgow, and making the City a hub for green finance is part of the chancellor’s plan.

France, Germany, Netherlands, Hungary, Poland, and Sweden are among the 16 countries that have already issued bonds dedicated to low-carbon infrastructure projects or other environmental, social and governance (ESG) goals. Italy says it will issue its first green bond later this year or early in the new year.

European sovereign green bond issues totaled the equivalent of $10.3 billion in the first nine months of the year, according to the Climate Bonds Initiative.

The resurgence of COVID-19 in Europe may be helping the green bond market, as it is a sobering reminder that countries need to invest in sustainability.

The EU is taking the “green” in green investments very seriously and has even drawn up a taxonomy of what makes an investment green in order to avoid the dreaded greenwashing

... continue reading 3rd party author's post at source website

order-1586392_1280

Can't Get Enough Freebies? Subscribe to our Newsletter!

We will send you free research and analysis summarized at the end of each month.

Leave a Comment

notes-150587_1280

More Articles.

rjmaris

Bots prepares 2021 launch for DCM platform

By Burhan Khadbai 12.30 PM Bond Origination Technologies (Bots), a new tech company that aims to automate pricing indications in the primary debt capital markets, has completed an initial fundraising round and formed an advisory board ahead of a launch next year. GlobalCapital spoke to the founders to find out more about the product. London-based

Read More »

Get content like this sent directly to your inbox!

Follow OnceBurned

Share on facebook
Share on twitter
Share on linkedin
Scroll to Top