19/10/23 (Agence Europe) – On Wednesday 18 October, the Member States’ ambassadors to the EU (Coreper) approved the provisional agreement with the European Parliament on the creation of ‘European Green Bonds’ (EuGB) (see EUROPE 13132/17). The European Parliament validated the agreement during its plenary session earlier this month (see EUROPE 13265/24). This regulation should enable investors to direct their investments towards more sustainable technologies and companies. Issuers of green bonds will have to ensure that at least 85% of the funds raised by the bond are allocated to economic activities that comply with the EU’s taxonomy regulation. The regulation creates a system for registering and supervising external reviewers, whose role is to confirm the environmental credentials of EuGBs to investors. Issuers will need to call on them at several points in the bond’s life cycle. Read the rules: https://aeur.eu/f/8wu (AD)