The recovery in real incomes  that we are projecting assumes a decline in the rate of change of energy prices and the overall price basket during next year, but not a decline in the levels of these prices. In particular, we assume that fossil fuel prices may stay elevated over the medium term.
We find it important for us, as an issuer of government bonds, to be present in this market and help to set a standard. In addition, it has been important for us to issue a green bond based on the EU taxonomy, as we believe that a single European standard for what is green is a prerequisite for creating the necessary transparency.