🟢EU’s Green Bonds Will Avoid Bloc’s Own ‘Gold Standard’ Rules
Bloomberg reports that bloc will carry on with existing framework since sales ongoing. Failing to align with own rules risks slowing use of standard.
📊The bloc started selling such securities in 2021, before the voluntary European Green Bond Standard was finalized, to fund projects through to 2026. Due to the fixed nature of that timeframe and the fact that bond sales are already underway, its original green framework will be applied for the entirety of the issuance.
🇪🇺The EU said in November that it has sold more than $67 billion of its so-called NextGenerationEU green bonds, putting it on track to becoming the largest issuer in the world. The new EU standards only became available to borrowers last month, though no bond issuers have used them so far. While the rules are voluntary, alignment is necessary if issuers want to market their debt as a “European green bond.”
📈The rules require at least 85% of bond proceeds to be aligned with the EU’s green taxonomy, effectively a list of environmentally-friendly activities. Germany have said they have no immediate plans to abide by the rules.
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© Иқтисодий шарҳ
© Economic Review
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Bloomberg reports that bloc will carry on with existing framework since sales ongoing. Failing to align with own rules risks slowing use of standard.
📊The bloc started selling such securities in 2021, before the voluntary European Green Bond Standard was finalized, to fund projects through to 2026. Due to the fixed nature of that timeframe and the fact that bond sales are already underway, its original green framework will be applied for the entirety of the issuance.
🇪🇺The EU said in November that it has sold more than $67 billion of its so-called NextGenerationEU green bonds, putting it on track to becoming the largest issuer in the world. The new EU standards only became available to borrowers last month, though no bond issuers have used them so far. While the rules are voluntary, alignment is necessary if issuers want to market their debt as a “European green bond.”
📈The rules require at least 85% of bond proceeds to be aligned with the EU’s green taxonomy, effectively a list of environmentally-friendly activities. Germany have said they have no immediate plans to abide by the rules.
Read full:
⬇️⬇️⬇️
en review.uz/en/i26
ru review.uz/i26
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin