The French government has provided the green bond market
with some much-needed liquidity with its inaugural
record-breaking €7 billion ($7.5 billion) deal.
With the aim of setting a new, higher standard, it's
different from the corporate green bonds many French companies
have already issued in that a large part of the proceeds will
be used for tax credits. "There's a lot more private finance in
infrastructure now and this deal, which supports subsidies
given by the government rather than funding direct public
investment in these projects is...