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Sweden says EU plan could hurt world's busiest green debt market

Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
"We pretty much drew the short stick here," said Helena Lindahl, a portfolio manager at Storebrand Asset Management who’s part of a fixed-income team managing around USD 18 billion. "I sincerely hope that the issuers will continue to issue green bonds, that this doesn’t put a halt to what we’ve accomplished over the past 10 years." | Photo: PR: SPP
"We pretty much drew the short stick here," said Helena Lindahl, a portfolio manager at Storebrand Asset Management who’s part of a fixed-income team managing around USD 18 billion. "I sincerely hope that the issuers will continue to issue green bonds, that this doesn’t put a halt to what we’ve accomplished over the past 10 years." | Photo: PR: SPP
By Frances Schwartzkopff / BLOOMBERG

The European Commission, which wants to steer investors to socially and environmentally sustainable assets, is proposing that only buildings certified as super-energy efficient by national authorities be included in its taxonomy. Being excluded would make financing more expensive.

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