ECB to invest in Bank for International Settlements’ green bond fund

PRESS RELEASE

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ECBECB
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https://www.ecb.europa.eu//press/pr/date/2021/html/ecb.pr210125~715adb4e2b.en.htmlhttps://www.ecb.europa.eu//press/pr/date/2021/html/ecb.pr210125~715adb4e2b.en.html
Retrieved on: 
Tuesday, January 26, 2021
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Tags: 
Financial services, Banking, Finance, European Central Bank, European System of Central Banks, Eurozone, Climate bond, Euro, Central bank, Bond, Fixed income
Summary
Key Points: 
  • PRESS RELEASE

    ECB to invest in Bank for International Settlements green bond fund

    25 January 2021

    The European Central Bank (ECB) has decided to use part of its own funds portfolio to invest in the euro-denominated green bond investment fund for central banks (EUR BISIP G2) introduced by the Bank for International Settlements (BIS).

  • The BIS green bond fund invests in renewable energy production, energy efficiency and other environmentally friendly projects.
  • In September 2019, the BIS launched a US-dollar-denominated green bond fund under the same initiative.
  • The ECB is exploring a possible expansion of use of low-carbon benchmark indices to fixed-income asset classes within its pension fund.
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