1. A BURGEONING INDUSTRY
Green bond issuance is expected to balloon over the next few years. On a global scale, predictions for 2023 alone estimate up to $600bn will be raised from green bonds, with Europe playing a leading role in this. The European Commission will fund up to €250bn over the next few years by issuing NextGenerationEU green bonds, making the EC the largest green bonds issuer in the world. Greece is expected to raise substantial amounts through green bonds in order to reduce greenhouse gas emissions by 55% by 2030 and achieve net-zero by 2050.
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