Such “semi-public” issuance helps to address the problem of information asymmetries associated with new financial products. However, the public sector can also support the development of green finance in its role as investor. In the German public sector, sustainable investment recently gained momentum, especially for equity investments.
As a result, the development was wrought with setbacks and never fully recovered. A thorough discussion on this issue is necessary. Here, I made a list of a dozen mistakes. 1. Issue quota and number of issuers were planned and allocated. Enterprise bond was not issued on a market basis.