The European Council’s position on a proposal to create regulation supporting European Green Bonds was given the go ahead by EU permanent representatives as part of the EU’s objective to “implement its strategy on financing sustainable growth and the transition to a climate-neutral, resource-efficient economy.” The next steps involve negotiations with Parliament to establish a final version of the text. Issuers of the European Green Bond (EuGB), which are environmentally sustainable bonds, will be subject to uniform requirements when issuing these bonds to investors within the European Union. The regulation will further establishes a registration system and supervisory framework for EU green bonds that are reviewed outside of the Union.

More information on the Council's proposal for European Green Bonds is available here.