The European Green Bond Standard seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance. With the.
The inter-institutional political agreement seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance. .
The European Union is scrambling to respond to the United States’ $369 billion Inflation Reduction Act without sacrificing its ‘crown jewel’ internal market
1. Background: the European Green Deal
On 11 December 2019, the European Commission (the
Commission ) presented the European
Green Deal (the
Green Deal ), with the
aim that European Union becomes the first climate – neutral
bloc in the world by 2050. To this purpose, European Union will be
transformed into a modern, resource-efficient and competitive
economy where there will be no net emissions of greenhouse gases by
2050 and the economic growth will be decoupled from resource
use.
Reaching this target requires consistent actions to be taken by
all sectors of the European Union economy, including:
investing in environmentally friendly technologies;
supporting industry to innovate;
decarbonizing the energy sector;