• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 7 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 6 hours Did China cherry-pick the factors that affected the economic slow-down?
  • 2 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 5 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 3 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 3 days Nord Stream - US/German consultations
  • 5 days An Indian Opinion on What is Going on in China
  • 409 days Class Act: Bet You've Never Seen A President Do This.
  • 3 days Australia sues Neoen for lack of power from its Tesla battery
  • 2 days Forecasts for Natural Gas
  • 5 days Storage of gas cylinders
Libya's Election Is All About Oil Money

Libya's Election Is All About Oil Money

The looming election in Libya…

Oil Rebounds On Surprise Crude Inventory Draw

Oil Rebounds On Surprise Crude Inventory Draw

Oil prices rebounded on Wednesday…

EU’s Green Bond Debut Comes Out Swinging

The European Union’s green bond debut was a great hit, drawing record demand, according to Bloomberg.

The EU received orders worth 135 billion euros on Tuesday, ultimately selling $13.9 billion in securities that will mature in 2037.

It outshone the U.K.’s green bond debut from September.

The green bond was just the first batch of 250-billion-euros in green bond sales set to take place in the next couple of years. But the next batch may not go on sale until sometime next year.

Green bonds are poised to play an increasingly important role in financing assets needed for the low-carbon transition.

Green bonds have already grown in popularity, with green bond issuance hitting a record last year, with total sustainable debt hitting a record high of $732.1 billion. Not even the pandemic could stop the surge in investor appetite.

This latest issuance once again highlights the growing demand for green bonds that appears to be outstripping supply, and commanding a premium vs. conventional bonds. For this sale, prices were set eight basis points below midswaps, according to Bloomberg, adjusted from the initial guidance of five basis points below swaps.

The funds obtained through this green bond sale will be used to improve energy efficiency, to develop clean energy, and to assist with climate change adaptation.

But challenges remain.

The regulations and oversight regarding green bonds has not yet caught up with demand. The EU Green Bond Standard will set the global standard for how companies and public authorities can use the green bonds to raise funds while meeting sustainability requirements and preventing greenwashing. 

By Julianne Geiger for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News