EU is to issue green bonds worth EUR250bn

The European Commission plans to issue green bonds in October, the total worth of which will reach EUR250 billion, Interfax-Ukraine reports.

“The EU's intention to issue green bonds of EUR250 billion by the end of 2026 will make us the largest issuer of green bonds in the world. It also expresses our commitment to sustainability and puts sustainable funding at the forefront of EU recovery efforts (from the impact of the COVID-19 pandemic – ed),” EU Budget Commissioner Johannes Hahn said, quoted in an official press release.

According to the report, on Tuesday Brussels approved the mechanism for the functioning of green bonds. It must ensure the funds raised will be directed to green projects, and the European Commission will report on their impact on the environment.

As a reminder, the State Agency on Energy Efficiency and the EBRD discussed the prospects for cooperation in the development of the green bond market.

As reported, Ukrenergo discussed plans to issue green bonds.