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Goldman Sachs AM Launches Global Green Bond ETF

ESG Today

Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.

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Constellation Energy Issues First Nuclear-Focused Green Bond in U.S.

ESG Today

Energy provider Constellation Energy announced today that it has raised $900 million through a green bond offering, the first of its kind in the U.S. The inclusion of nuclear power in the eligible use of proceeds for green bonds is a still rare, but increasing phenomenon. Constellation is the U.S.’

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Bloomberg Launches Green Bond-Tilted Versions of its Flagship Fixed Income Indices

ESG Today

Bloomberg today announced the launch of new green-tilted versions of some of its flagship fixed income indices, including its Global Aggregate, Treasury and Corporate Indices, aimed at enabling investors to increase exposure to sustainable investments with products that maintain similar characteristics of the parent benchmarks.

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The nuclear option

Corporate Knights

This turnabout has been most pronounced in the green bond market, where power utilities have, controversially, been adding nuclear energy as an option for green bonds. With this in mind, nuclear green bonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.

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EU Green Bond Deal: Sustainable Gold Standard or Unrealistic?

Impakter

Impakter EU Green Bond Deal: Sustainable Gold Standard or Unrealistic? In what’s being labelled a “landmark’’ moment for sustainable finance, EU negotiators last week finally announced the agreement of a provisional deal establishing a gold standard for European green bonds (EuGB). Stephen Hare

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MainStreet: 28% of green bonds 'already meet' EU Green Bond Standard

Environmental Finance

MainStreet Partners said 28% of existing green and sustainability bonds already meet the main components of the provisional EU Green Bond Standard (EU GBS), with the sustainable investment advisor expecting this number to grow.

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SOEs Undermine Credibility of China’s Green Bonds

Chris Hall

The IEEFA’s Christina Ng says China’s state-owned enterprises continue to allocate up to half of their green bond proceeds to non-green projects. . China’s ambition to green its financial market has been making significant progress. SOEs accounted for about half the onshore green issuances from 2019 to 2022.