To round out 2020, Nick and Cheryl provide an overview of the deals and developments that occurred in December. Of note is that 2020 appears was the year of the social bond with approximately EUR 130 billion issued. They also touch on developments around the EU Taxonomy, the fifth anniversary of the Paris Climate Agreement, and what the new US administration could mean for environmental protections and sustainable finance. As always, the episode includes a rundown of notable transactions from around the globe.