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EU revs up giant green bonds plan

EU revs up giant green bonds plan
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United Kingdom , Bruxelles Capitale , Kerr Finlayson , Siegfried Ruhl , European Union , European Commission , Fannie Mae , Banque De France , Finance Action Plan , Green Bond Standard , European Stability Mechanism ,

Sovereigns soup up ESG push


Before the pandemic, elite names were mostly missing from the pioneering ranks of sovereign ESG debt issuers. A year later, the menu of committed issuers is far broader and innovations are emerging
France was the only G7 nation to have issued green bonds prior to the onset of the coronavirus crisis, putting it among a mixed group that ranged from Egypt, Fiji, Hong Kong and Nigeria to a number of smaller EU states.
Now, however, much of the G7 has endorsed green bonds, with Germany’s €7.5bn debut in May 2020 the pivotal moment. Italy too has issued its first deal in the format, while both Canada and the UK are readying their entries into the market. ....

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