Sustainable debt has shown its potential in 2021
Last year marked another milestone for sustainable debt, with more than $1.6 trillion issued. This brings the total market to over $4 trillion. Sustainable debt can directly finance green and social projects, as is the case for green and social bonds and loans. It can also push organizations to move their sustainability agendas forward by giving them preferential financing conditions if they meet certain sustainability metrics, as is the case for sustainability-linked bonds and loans. Maia Godemer, research associate at BloombergNEF, reports on the latest developments.
On a mission
Europe is on a mission to establish itself as a key manufacturing base for batteries. Over the past six years, ambitious plans have been announced to achieve this goal, with the latest predictions suggesting that 35 gigafactories will be operational by 2035. Becky Beetz maps the progress.
To be ‘the battery’
Another year has passed, with 2021 seeing significant growth for residential storage globally, up 30%. Germany and Japan are the world’s leading markets, followed by the rest of Europe, the US, and Australia. Factors driving residential storage around the world include high power prices and power outage backup.
