The European Union (EU) announced on Tuesday (12) that it had raised about 12 billion euros in the largest issuance of green bonds ever recorded – and the funds will be used in ecological and sustainable investments, according to a statement.
“This represents the largest issuance of green bonds in the world to date,” said the European Commission, adding that demand for these bonds with a 15-year maturity had exceeded 135 billion euros.
According to the Commission, the bloc “will become the world’s largest issuer of green bonds, providing a significant boost to sustainable financial markets and funding the EU’s greener recovery from the pandemic.”
European Budget Commissioner Johannes Hahn told reporters that the operation “marks the largest green bond order backlog in history in global capital markets, and the largest green bond ever issued, not in Europe, but in the world.” .
The EU has a plan to issue up to 250 billion euros in green bonds by 2026.
Therefore, the Commission pointed out that the placement of the bonds on Tuesday “represents a promising start” for the European program of this type of bonus.
This program is expected to cover approximately a third of the gigantic post-pandemic recovery plan adopted by the EU last year, which depends on the joint issuance of debt by the countries of the bloc.
Johann Plé of AXA Investment Managers, a consultancy, noted that the EU offer “attracted this morning (Tuesday) huge demand.”
“This supports our view that the total issuance of these green bonds in 2021 will be double that recorded in 2020,” he said.
Plans for the EU to draw up its own list of energy sources considered green – and therefore suitable for sustainable financing –, known as the “taxonomy of investment”, are currently blocked.
Germany, for its part, resists calls for energy to be considered an environmentally sound investment, which reflects its anti-nuclear stance.
But ten EU member countries – including France, which runs largely on this energy source – on Sunday supported the option for nuclear energy in a statement, stressing that it has an important role to play in the fight against warming global.
+ Until 2019, there were more people in prisons than on the Brazilian stock exchange
+ Aloe gel in the drink: see the benefits
+ Lemon-squeezing trick becomes a craze on social media
+ Chef playmate creates aphrodisiac recipe for Orgasm Day
+ Mercedes-Benz Sprinter wins motorhome version
+ Anorexia, an eating disorder that can lead to death
+ US agency warns: never wash raw chicken meat
+ Yasmin Brunet breaks the silence
+ Shark is captured in MA with the remains of youngsters missing in the stomach
+ See how much it costs to eat at the MasterChef judges’ restaurants
+ Auction of cars and motorcycles from Kombi to Nissan Frontier 0km