Green bonds workshop in Budapest
22 / 12 / 2022
The Equilibrium Institute held its second closed-door workshop on sustainable finance on December 13, this time, focused on green bonds. The Equilibrium Institute brought together steel industry, construction, finance and government representatives to discuss how sustainable financing and the issuance of green bonds could help reduce industrial greenhouse gas emissions.
Equilibrium Institute’s Lead climate and environmental policy expert, Dóra Csernus, and its Chief economist, Zsolt Becsey presented the main results of the new report carried out in the framework of the project, Industry Decarbonization in Hungary. This was followed by a presentation on the green bonds market, brought to the audience by Gábor Gyura, UNEP’s Sustainable finance expert.
Both industrial, financial and policy leaders were present in the audience. They stressed the importance of improving the bidding culture in Hungary to raise funds more efficiently. Concerning the green bond market, they agreed that Hungarian companies were often too small to issue bonds by themselves, making cooperation key: it can be an advantage for smaller companies to join forces to enter the bond market.
The Industry Taskforce
The Taskforce will pool key decision makers and power brokers from the region to provide expert input, peer review for research and act as ambassadors of the project.