The EU wants to be the largest issuer of green bonds in the world
03:28
The European Commission adopted the framework for green bonds on Tuesday. This is a step towards the issue of green bonds up to the amount of €250 billion, i.e. 30 percent of the total value of emissions under NextGenerationEU.
"These findings give investors confidence that the funds raised will go to green projects and that the Commission will report on the environmental impact," the Commission informed.
The first issue of green bonds is planned for October. It will be sold on the market by banking syndicates.
The €250 billion green bond issue by 2026 will make the EU the largest green bond issuer in the world, said EU Budget and Administration Commissioner Johannes Hahn.
Revenues from NextGenerationEU green bonds will finance part of the climate expenditure under the RRF (Facility for Reconstruction and Resilience, i.e. the main EU tool to stimulate economic recovery in Europe).
Each Member State must allocate at least 37 percent of its National Recovery and Resilience Plan – the Facility's Action Plan – to climate-related investment and reform.
