Markets look for EU to take the lead on green recovery

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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