EU green bonds

The ECB thinks that the European financial system could withstand even lower rates

EU Strengthens As A Hub For Green Finance: 45.4% Of 2019 ‘Green’ Bond Issues Globally Were Denominated In Euros

In 2019, the euro consolidated its role as the second most widely used currency in the world at a considerable distance from the dollar, which retains its hegemony as the global reserve currency. The exception was in the area of green bond issues, where euro-denominated issues once again led the market. Specifically, according to data provided by the ECB, about 45.4% of ‘green’ bond issues worldwide were denominated in euros, compared to 25.7% in dollars and 28.9% in other currencies.