EU Lawmakers Introduce Stricter Rules for Regulating Green Bond Market
On May 17, the EU Parliament’s Economic and Monetary Affairs Committee announced a series of proposals establishing new rigorous rules for the EU Commission’s regulation of the green bond market. The proposal aims to improve transparency and monitoring of the green bond market in an effort to reduce greenwashing. The rules would align with the EU’s new taxonomy regulation, regarding the use of proceeds from green bond issuances. Additionally, the rules introduce new stringent requirements for issuers to provide safeguards that will ensure projects funded by green bonds are not harmful to the environment. Read more.