Negotiators from the European Parliament and the Council of the EU failed to reach an agreement on ‘European green bonds’ during their fourth meeting on Wednesday, 14 December.
In the end, a compromise—which, however, seemed “possible” the day before (see EUROPE B13083A28)—was not found between the ‘flexibility pocket’ that the EU Council wanted and the market-based transparency that the European Parliament desired.
This ‘pocket’ would allow sovereign issuers to...