Finance
EU Climate Chief Says Now’s the Time for Jumbo Green Bond Sale
- Frans Timmermans comments ahead of 225 billion euro issuance
- Stricter emissions target means higher costs for polluters
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The European Union’s climate chief says rising demand for green bonds creates an opportunity for the bloc, which is expected to start selling as much as 225 billion euros ($266 billion) of the securities.
“If you see organizations like BlackRock making this really enormous change into the green economy, if you see them all waiting for us to come up with green bonds because they want to be part of this -- I believe this is the moment to do this,” said Frans Timmermans, executive vice-president of the European Commission, said Thursday in an interview with Bloomberg TV.