“The Bank of England will change its approach to buying corporate bonds after the government said environmental and climate goals should now be explicitly considered part of monetary policy. In Wednesday’s Budget, Rishi Sunak, the chancellor, said the BoE should support the government’s efforts to make the UK economy greener and achieve zero greenhouse gas emissions by 2050, and updated its mandate.”

[COMMENTARY] Will US Treasury Secretary Janet Yellen issue the same order to the US Fed? It’s possible. Though the Fed says it’s ‘independent.’ Nonetheless, in recent statements, the chair of the US Federal Reserve Jerome Powell has said that central banks need to take a much more active role in assisting green financing! And what about the ECB?

Should such things happen, it could give a massive impetus to green bond issuance and the green bond market generally!
Bank of England given new mandate to buy ‘green’ bonds, by Camilla Hodgson and Valentina Romei in London and Nathalie Thomas in Edinburgh, March 3, 2021, Financial Times, UK.