This wasn’t because the underlying assets underperformed when the stock market went down. But they’re evidently still attractive to these investors in an otherwise low yield market environment. I expect a lot more capital to flow into renewables and sustainability private infrastructure during 2021 for these and other reasons. But green bonds are very often not related specifically to renewables or sustainability projects, and are in fact issued under voluntary standards. So it’s not quite the direct exposure to sustainability projects that investors might want.

Source: Forbes February 20, 2021 14:03 UTC