A study released by the European Commission today shows that green bonds have enjoyed extraordinary growth, since they were first issued in 2007.
The study on the potential and functioning of green bond markets also identifies key bottlenecks and measures to overcome them so they can fulfil their huge potential. The study comes out two days after the Commission’s “Clean Energy for All Europeans” package which finds that an extra EUR 177 billion is needed annually from 2021 onwards to reach the 2030 climate and energy goals. New innovative funding and investment mechanisms will be essential to achieve this. Green bonds will also be on the agenda of the High Level Expert Group on sustainable finance that the Commission established on 28 Oct 2016.
Read more from here.