Bertelsmann Stiftung, Jacques Delors Centre (ed.)

Lucas Guttenberg, Sebastian Mack

Building EU green bonds that deserve their name

Format Type
PDF
Date of publication
19/10/2020
Edition
1. edition
Volume/Format
4 pages, PDF
Delivery status
Lieferbar

Price

Free of charge

Description

The EU should seize the day: It should issue parts of the Recovery Instrument debt as green bonds and thereby boost that burgeoning market. But it is important to manage expectations: Issuing green bonds alone will not ‚green‘ recovery spending. This will depend on the criteria for climate-friendly spending in the legal texts governing the Recovery Instrument – and these so far lack teeth. So, there is a substantial risk that EU green bonds will set the wrong precedent now if backed by weak criteria. This would pre-empt future legislative work on the final EU green bond standard. If the criteria for climatefriendly spending are not strengthened, the Commission should scale back its ambition and should only issue green bonds for measures that fully match the criteria set out in the EU Taxonomy Regulation.

Related projects

Cover Repair and Prepare: Strengthening Europe

Das Jacques Delors Institut und die Bertelsmann Stiftung haben im Rahmen eines Forschungsprojektes ihre Kräfte vereint, um einen Fahrplan für eine stärkere Wirtschafts- und Währungsunion auszuarbeiten.