Green Bond Boom Doesn’t Need ECB Support, Holzmann Says
- Austrian national banker warns of greenwashing as a concern
- Better climate data is needed to improve the pricing of risk
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The European Central Bank doesn’t need to further fuel booming demand for green bonds, according to Governing Council member Robert Holzmann.
Favoring climate-friendly securities risks distortions in financial markets, Holzmann, who also heads the Austrian National Bank, said in an interview. Issuance of green bonds has grown more than 12% so far this year and exceeded the $1-trillion mark for the first time worldwide.