EU lining up seismic entry to green bond market

Jon Hay,

Lewis McLellan

September 17, 2020 08:45 PM

PA-Ursula_von_der_Leyen_575x375 — (200721) -- BRUSSELS, July 21, 2020 (Xinhua) -- European Commission President Ursula von der Leyen attends a press conference after a special EU summit in Brussels, Belgium, July 21, 2020. Leaders of the European Union (EU) reached a landmark deal on Tuesday after four days of intensive negotiations over a budget for the next seven years and a massive recovery fund amid the COVID-19 pandemic. (European Union/Handout via Xinhua) | unreguser/Xinhua News Agency/PA Images

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.

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Topics

Green and Social Bonds SSA Supras and agencies SRI

JH

Jon Hay

LM

Lewis McLellan