ECB's Green Bond Purchases Boost Corporate Financing for Sustainable Projects
The green bond market is growing fast, especially in Europe. The European Central Bank is buying green bonds and wants to focus more on sustainability. Their purchases are helping companies that issue green bonds by improving their financing conditions. Right now, credit ratings don't consider climate risks enough, which makes it harder for green bonds to stand out. If credit ratings start including climate risks better, it could make things more stable for the market and help green bond issuers get even better financing.