How Europe Is Leading the Way in Reshaping Global Green Bonds
- Consultation on green debt standards comes to an end Friday
- EU has a strong track record of pioneering global regulation
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The euro-zone is setting its sights on standards for green bond issuance -- a move that could boost a rapidly expanding market worth nearly $1 trillion.
Four months of European Commission consultations with insurance companies, academics and others ends Friday, aimed at agreeing by next year what really counts as “green” in projects funded by such debt. That’s needed as the bloc itself is set to unleash as many green bonds as the world issued last year, and the risk of “greenwashing” rises amid the rush to tap surging demand for clean finance.