A wave of green government bonds is flooding markets
The benefit may be more political than economic
A WAVE OF green sovereign debt is flooding markets. Britain issued its first such bond in September, alongside other new issuers, such as Colombia and Spain. They join at least 20 countries that already issue green debt, notably Germany, which is well on its way to building a “green curve” of bonds across several maturities. Governments have together raised more than $100bn through the green route so far this year. And later this month the European Union is due to join the club. Its €250bn ($290bn) green-borrowing programme stands to make it the world’s largest sovereign issuer of the instruments.
This article appeared in the Finance & economics section of the print edition under the headline “Green party”
Finance & economics October 9th 2021
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- The age of fossil-fuel abundance is dead
- Companies cast off their reluctance to invest
- Could a $1trn coin end America’s debt-ceiling showdown?
- A wave of green government bonds is flooding markets
- A different approach to investing in developing countries
- Does anyone actually understand inflation?
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