SEB’s The Green Bond report: Politics matters, economics decides
The latest issue of SEB’s The Green Bond report takes an in-depth look at the outcome of the US elections and The UN Climate Change Conference COP29 in Baku. Despite mounting political headwinds, 2024 will see USD 2 trillion spent on the energy transition – twice as much as on fossil fuels, as well as a new record for new sustainable bond issuance. In the end, the continuously improving economics of renewables and mounting impacts from climate change will trump politics. “The US election outcome is likely to lead to weakened policy support for the clean energy transition, but it will