EU lining up seismic entry to green bond market

By Jon Hay, Lewis McLellan
17 Sep 2020

European Commission president Ursula von der Leyen said on Wednesday that 30% of the funding that the EU will raise for its €750bn pandemic recovery fund will come from green bonds. That kind of volume will mean sweeping changes for the green bond market, causing trepidation in some quarters, while others rejoice.

“Hallelujah!” said Sean Kidney, CEO of the Climate Bonds Initiative, when asked his reaction to the news that the EU would issue €225bn of green bonds. “Liquidity, benchmark pricing… through green bonds, the euro is going to become a reserve currency. It’s a massive change, and they’re doing ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial