In the case of German government bonds, for example, the yield of a green bond compared with that of a conventional bond with similar characteristics has declined, implying that the “greenium” has reached record levels in absolute terms (Slide 4, right-hand side). Recent research also warns firms not to delay the transition as nominal interest rates rise.
All these measures are integral parts of the strategy to become the central bank that understands the needs of the Filipino people and help them achieve their aspirations in life. While the ongoing crisis has subjected us to extraordinary challenges, it has also given us the opportunity to accelerate our efforts in bringing the BSP closer to the Filipino people.