For instance, digital technologies such as smart urban mobility, precision agriculture and sustainable supply chains are critical to the green transition. The second rationale for Green CMU is that Europe already has a head start as the home of green capital markets. We can build on this solid foundation.
Europe is the location of choice for global green bond issuance, with around 60% of all green senior unsecured bonds issued in 2020 originating here. And the market is growing rapidly – the outstanding volume of green bonds issued in the EU has grown almost eightfold since 2015. In addition, the euro has taken the lead as the global currency of green finance.