The global artificial intelligence frenzy is driving demand for energy-intensive data centers, which could end up being a factor that boosts sales of green debt in the US, according to Morgan Stanley.
Matt Swanson, software analyst at RBC Capital Markets , joins BNN Bloomberg to discuss generative AI monetization.
Even with slowness in the U.S., as of June, green debt issuance globally is running at the fastest pace since the market’s inception in 2007. By the end of 2024, Morgan Stanley expects sales to soar to the trillion-dollar mark seen in 2021. 2021 was the high water mark for ESG-labeled issuance, with just over a trillion dollars. Theoretically, we’re on pace to actually meet or maybe even exceed slightly that record issuance level.
There are the other perennial issuers who will be repeat issuers with some degree of periodicity. But those will be smaller relative to the overall size of the market.For companies that have the opportunity to invest in projects where the economics make sense, where the return on investment is justifiable and where they can decarbonize, those companies will do that all day long.
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