“Reflecting the growing volume of green bonds, the European Union has agreed a new set of rules known as the European Green Bonds Standard (EUGBS) that can be seen as a positive step from a reporting and transparency perspective. The regulation is due to take effect late into 2024.”
[COMMENTARY] It’s likely that the EU standards could become the de-facto global green bond standards. Standardized regulations for green bonds are needed, particularly, to give confidence to investors on greenwashing.
EU aims to make green bonds greener, by Malika Takhtayeva, and Xuan Yong, June 23, 2023, BNP Paribas, UK and Singapore.