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In order to contribute to the financing of the energy transition, France, a country with an important place in the green bond market, and a key player on the issues of climate change and environmental protection, had launched the first French sovereign green bond. It is the "Green OAT ****% 25 June 2039", whose issuance volume amounted to *** euros.
The Framework for the Green OAT, which was issued on 24 January 2017, defines that expenditure must be addressed to one of the four following objectives : combating climate change (mitigation), adapting to climate change, protecting biodiversity and reducing pollution. Mitigation seemed to be the most important concern, since out of the *** billion euros allocated in 2019, ** percent had been devoted to the fight against climate change.