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.
The EU now faces a new controversy that could undermine its ambitious sustainable finance agenda, as it published a draft complementary delegated act on Dec. 31, 2021, to propose the inclusion of natural gas and nuclear in its green taxonomy.
Flickr/Thijs ter Haar
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