(07 September 2021) – The European Commission has today adopted a Green Bond framework, thus taking a step forward towards the issuance of up to €250 billion green bonds, or 30% of NextGenerationEU’s total issuance.
The framework provides investors in these bonds with confidence that the funds mobilised will be allocated to green projects and that the Commission will report on its environmental impact.
Every Member State has to dedicate at least 37% of their national Recovery and Resilience Plan to climate-relevant investments and reforms, with many Member States planning to do more than required.
Now that the framework has been adopted, the Commission will soon proceed with the first green bond issuance in the month of October, subject to market conditions.