The European Union’s Taxonomy of Sustainable Economic Activities, the cornerstone of its action on sustainable finance, looks set to bless several technologies such as biofuels and hydroelectric power that are not just environmentally questionable but actively harmful, as a result of lobbying by vested interests.
This week’s funding scorecard looks at the progress European sovereigns have made in their funding programmes in early December.
Germany received lacklustre demand for its second ever green bond on Wednesday. The sovereign had to contend with a big drop in Bund yields following uncertainty over the US election result.
This week’s funding scorecard looks at the progress supranationals have made in their funding programmes at the beginning of September.