In 2019, almost half (45.4%) of global green bond issuance was denominated in euros and more than half was concentrated in the EU, according to the 19th annual review of the international role of the euro, published by the European Central Bank (ECB) on Tuesday 9 June.
The document states that “EU residents are the largest issuers of green bonds”.
In addition to being the main currency for the issuance of green bonds, the euro is also the leading currency in terms of relative...