Evaluation of the EIB’s Climate Awareness Bonds

Construction of New Buildings represented €778bn of the European Investment Bank’s (‘EIB’) Climate Awareness Bond Portfolio (‘CABs’) while Building Renovation represented €126bn of the same, as of year-end 2020.  As the share of CABs in the EIB’s total bond issuance has grown from 1% in 2007 to 10% in 2020, it is expected to further grow in the context of the EIB’s Climate Bank Roadmap. Cumulative issuance of green bonds crossed €820mn in October 2020 as the green bond market expands across borders, currencies, property sectors and deal structures with increasingly harmonized, well-defined, policy and market-based set of guidelines and principles. The green bond market continues to deepen with additional green benchmark curves, repeat issuers, larger tranches and new types of use-of-proceeds bonds amid evolving institutional, policy and market developments.

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