Finance
EU Plans to Sell Green and Social Bonds for Recovery Fund
- The move would cement the EU as a center for green finance
- Green bond issuance had been widely expected by analysts
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The European Union is planning to sell green and social bonds to finance some of its 750 billion-euro ($887 billion) recovery fund, according to a person familiar with the matter.
Officials are working on a set of guidelines that would introduce criteria for green bonds, though it’s unlikely the legislative proposal would be ready by the end of the year, said the person, who works at the European Commission and asked not to be identified because the information isn’t public.