Over the last few years the European green financing market has mainly developed by way of
\ngreen bond issuances from sovereign, quasi-sovereign and large corporate issuers. To finance
\nadditional efforts to promote European energy and ecological transition goals, new market
\ninstruments are needed that enable smaller companies and green projects to access market
\nfinancing, as well as offer higher yields to investors.<\/p>\n
The Green Credit Continuum program therefore aims to foster the development of the green
\ndebt market beyond the existing green bonds, supporting small-scale green projects, and
\nfinancing SMEs and mid-caps.<\/p>\n
Signed at the Paris Europlace 2019 international financial forum, the agreement between
\nAmundi and the EIB has three components. Firstly, it covers the creation of a diversified fund
\nthat will invest in green high yield corporate bonds, green private debt and green securitised
\ndebt. In parallel, a scientific committee of green finance experts will be formed to define and
\npromote environmental guidelines for these three markets in line with international best
\npractice and legislation derived from the European Commission action plan on financing
\nsustainable growth. Lastly, a green deal network will be put in place to source deals and
\nprojects.<\/p>\n
The goal of the agreement is to create several funds based on this model and to help establish
\nmarket standards for these new green finance segments. It aims to raise EUR 1bn within three
\nyears, including a EUR 60m initial commitment by the EIB.<\/p>\n
EIB Vice-President Ambroise Fayolle said: \u201cWhen the EIB issued the world’s first green bond Amundi CEO Yves Perrier added: \u201cWe are very honoured to sign this partnership with the EIB. To meet its climate commitments under the Paris Agreement and finance the associated With a view to deploying the new financing needed to meet the Paris Agreement targets in the
\nin 2007 as part of its \u201cClimate\u201d bonds programme, it made a major contribution to the
\ndevelopment of this market. However, despite this fast growth, a significant financing gap
\npersists and huge potential is still waiting to be tapped in some green debt segments. I am
\nhappy to be signing this programme with Amundi today. It will help promote sustainable finance
\nin Europe by including new issuers in the green finance market, making them even more aware
\nof environmental issues and environmentally friendly investments.\u201d<\/em><\/p>\n
\nIt offers a particularly innovative investment solution to institutional investors wishing to help
\nfinance the energy transition and diversify their sources of yield in a low interest rate
\nenvironment. A responsible investment pioneer, Amundi is therefore strengthening its
\ncontribution to combating global warming.\u201d<\/em><\/p>\n
\nenergy transition, Europe is missing an estimated EUR 180bn in financing a year until 2030.
\nTo reach this level of investment, green finance must mobilise all of the debt capital markets.
\nAgainst this backdrop, the key role played by green bonds is widely recognised. <\/p>\n","protected":false},"excerpt":{"rendered":"
\nEU, European asset management leader Amundi and EU green bond pioneer the European
\nInvestment Bank (EIB) are signing a partnership to launch the Green Credit Continuum
\ninvestment programme. <\/p>\n","protected":false},"author":20,"featured_media":81255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1859,1849,1826,1682,1651,2094,2007,1686,1453,1452],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/81257"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=81257"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/81257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/81255"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=81257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=81257"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=81257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}