EU Likely To Make Green Bond Standard Voluntary

The European Union considers making the upcoming EU Green Bond Standard not compulsory, but only voluntary for issuers of such bonds, Bloomberg reported on Thursday, quoting a draft EU document it had seen. As part of the complementary packages in the European Green Deal, the EU wants to direct financial and capital flows to green investments.

Under the Green Deal, the EU established an EU Green Bond Standard, among the key new initiatives for 2021. “Green bonds play an increasingly important role in financing assets needed for the low-carbon…