Germany’s Green Debt a ‘Big Deal’ for World’s $68 Billion Market

Germany is paving the way for a green bond revolution in Europe by selling its first government-backed securities later this year.

The timing could hardly be better. The coronavirus crisis is creating a borrowing need that has never been seen before in Europe, and investors are increasingly seeking assets that meet environmental or social goals. The green nature of pandemic recovery budgets have been widely touted by Chancellor Angela Merkel’s government and the European Union.