A European climate bond
针对欧洲气候投资缺口，提出联合发行欧洲气候债券，资金来源于扩展至所有行业的碳排放交易配额，并根据国家气候项目实施情况分配，旨在提供安全、流动的绿色资产，加速气候投资并增强其抗主权危机能力。
SUMMARY Europe faces a large climate investment gap. To fill this gap, we propose the joint issuance of European climate bonds. These bonds would be funded by selling greenhouse gas emission allowances through the Emissions Trading System, extended to cover all sectors. Access to the resulting funds would be conditional on countries’ performance in implementing climate projects. European climate bonds would meet the demand for a safe, liquid and green asset, while accelerating climate investment, increasing its resilience to sovereign crises and the greening of both investors’ portfolios and monetary policy.