SEB’s The Green Bond: why the war in Ukraine may accelerate the transition

SEB expected transition investment to ramp up significantly in 2022, but then Russia invaded Ukraine and plans had to be redrawn. In the latest edition of SEB’s The Green Bond report, we explain why the war in Ukraine may at first delay the transition and increase emissions, but ultimately will lead to an even faster acceleration in the pace of the transition as a push for energy independence amplifies the boost from low cost and climate risks. The report also looks at the challenging start to the year for sustainable financing, with the first quarter seeing a decline in sustainable debt issuance and sustainable assets underperforming in secondary markets.