In parallel with its new strategy on sustainable finance (see other news), the European Commission presented on Tuesday 6 July a proposal for a regulation establishing a voluntary European standard on ‘green’ bonds (European Green Bond or EuGB) (see EUROPE B12745A8).
The issuance of ‘green’ bonds in the EU has exploded in recent years. In 2020, 51% of global emissions came from the EU. However, ‘green’ bond issues currently account for only 2.6% of total bonds issued in the...