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Brussels pushes on with EU digital levy despite US resistance
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EU unveils gold standard sustainable finance strategy
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المفوضية الأوروبية تكشف عن خطتها الرامية إلى جعل القطاع المالي أكثر ملاءمة للمناخ
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Brussels may be planning to raise €250 billion in green bonds but they won’t meet its own best-in-class standards.
The European Commission will on Tuesday present its sustainable-finance strategy, which includes a voluntary green-bond standard for corporations and sovereigns, a draft of which was previously obtained by POLITICO, as part of an effort to drive more private cash toward its climate goals.
Yet the Commission won’t itself use the new label straightaway for climate-friendly bonds that finance the EU recovery fund instead, it will try to incorporate its taxonomy of green investments into market standards.
Brussels’ decision to press ahead with its green-bond issuance may be for practical reasons, as its green list of climate-friendly investments was still on the docket when it presented its borrowing plans.
Brussels unveils gold standard bond to boost private investment in green transition
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