By 2028, AI is projected to demand enough energy to power one-fifth of U.S. households. Data centers do not operate like a home or office: they operate 24/7, require reliable sources of power such as gas or nuclear, and concentrate such large loads that they put regional power grids under severe strain.
If a green bond offers similar flows and risk as a conventional bond, its positive impact can make it more attractive. Although Peru started later than other countries with this trend, its market has taken off quickly.
The real safe haven is no longer in a universal asset, but in the ability to build resilient, diversified portfolios with access to more tangible risk premiums.
Has the corporate debt market in Chile rebounded in recent months? We believe so.