Markets look for EU to take the lead on green recovery

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By Jasper Cox, Jon Hay, Mike Turner
09 Jul 2020

Momentum is growing for the economic recovery from the coronavirus pandemic to have a strong green thrust, as the UK’s mini-Budget and comments by European Central Bank president Christine Lagarde made clear this week. Capital market participants are enthusiastic about the prospect and expect it to further green the markets — but how far the drive goes will ultimately depend on politics, write Mike Turner, Jon Hay and Jasper Cox.

The idea that the economy emerging after Covid-19 should be more environmentally and socially conscious has been gathering support since the start of the crisis, among politicians, business people and financiers — encapsulated in the slogan "build back better".

“I don’t know a large investment grade corporate or bank ...

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