Banque de France

04/15/2026 | Press release | Distributed by Public on 04/15/2026 01:52

Can retail investors influence the greenium

Post No. 445. In 2020 retail investors' demand for green bonds surged leading to a jump in greenium - a price premium for green bonds. This trend did not last. Sensitivity of retail investors' financial conditions to the macroeconomic situation may explain the later decline in investors' appetite for green bonds and thus the later reduction in the greenium.

Updated on the 15th of April 2026

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