Sustainable finance

This category of the blog focuses on environmental and social factors as determinants of sovereign credit risk, and on debt issuance schemes meant to specifically support public investments towards environmental and social goals. Among other topics, we discuss:

How climate change and the energy transition can materially affect public finances and sovereign creditworthiness.
The extent to which environmental and social issues are reflected in sovereign ratings and yields.
The evolution of the sovereign green and social bond markets.
How to better monitor the use of debt issuance proceeds and maximize the environmental and social impact of sovereign financing.

28 November 2022

Published by Team at 28 November 2022

[POLICY BRIEF] FINANCE, CLIMATE, AND THE WORLD BANK

At the recent COP 27 in Sharm El Sheikh, climate negotiations have mainly focused on the “finance” dimension. From the […]

21 September 2022

Published by Théo Maret at 21 September 2022

[POLICY BRIEF] ODIOUS DEBT OR ESG: CURTAILING THE ACCESS TO DEBT MARKETS FOR DESPOTS

Current geopolitical tensions are spilling over to sovereign debt markets. They raise questions related to technical defaults, willingness versus ability […]

22 March 2021

Published by Team at 22 March 2021

Chile in the Wake of COVID-19: Adjustments to the Financing Strategy and Commitment to Climate Action

The COVID-19 pandemic roiled financial markets, triggering important capital outflows in emerging markets. This increased the financing challenges at a […]

25 November 2020

Published by Théo Maret at 25 November 2020

UK hops on the sovereign green bond bandwagon, at last

On November 9, Chancellor of the Exchequer Rishi Sunak announced that the UK would issue its first sovereign green bond […]