Maxwell Bernstein | January 8, 2021
With the U.S government under full control from the Democratic Party after the Georgia runoff election, sales of corporate bonds that finance environmental projects could be boosted, according to Bloomberg.
President-elect Joe Biden’s proposal to combat climate change through proposed programs, initiatives, and investments in infrastructure, could boost greater issuance of environmental, social and governance (ESG) bonds.
The sale of ESG-linked bonds almost doubled in 2020 to around $55 billion in sales. The government issuance of these bonds could rise by about a third in 2021. The industries that are expected to issue ESG bonds will likely range from health care to technology.