Wednesday, May 18, 2022
cnntoday
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
News 100
No Result
View All Result
Home World

EU commission to issue 250 billion euros in green bonds

September 7, 2021
in World
Reading Time: 2 mins read
0 0
A A
0
0
SHARES
26
VIEWS


The European Commission is looking to issue up to 250 billion euros in green bonds this fall as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis

ByThe Associated Press

September 7, 2021, 11:22 AM

• 2 min read

BRUSSELS — The European Commission said on Tuesday it would issue up to 250 billion euros in green bonds this fall as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis.

The EU’s executive arm said the bonds will represent 30% of NextGeneratoonEU’s total issuance.

“The framework provides investors in these bonds with confidence that the funds mobilized will be allocated to green projects and that the Commission will report on its environmental impact,” the commission said.

The commission said it will issue the first green bond in October, subject to market conditions.

Johannes Hahn, the commissioner in charge of budget, said the “EU’s intention to issue up to 250 billion euros in green bonds between now and end 2026 will make us the largest green bond issuer in the world.”

To finance the recovery stimulus, the EU’s executive arm said it will raise from capital markets up to an estimated 800 billion euros by the end of 2026. In total, member states have agreed on a 1.8 trillion euro budget and pandemic recovery package.

As part of its “Green Deal” ambition, the EU has pledged to cut emissions of the gases that cause global warming by 55% over this decade and has set the target of being carbon-neutral by 2050.

To receive their share of the recovery aid, EU countries have accepted that their national plans must dedicate at least 37% of the budgets to climate-related projects.

The commission also confirmed its plan to issue a total of around 80 billion euros of long-term bonds this year, topped up by “tens of billions of euros of short-term EU-bills.”



Source link

Tags: businessDebt and bond marketsEnvironment and natureEuropean CommissionEuropean UnionFinancial marketsGeneral news
ShareTweetShareSendSend

Related Posts

California is paying $6 per gallon for gas. Other states could be soon.
World

California is paying $6 per gallon for gas. Other states could be soon.

May 18, 2022
19
United States

White House Covid Briefings Return After Hiatus

May 18, 2022
19
Australia

Boris Johnson ‘choosing to let people struggle’ with cost of living says Keir Starmer – UK politics live

May 18, 2022
19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

News 100

© 2021 News100

https://securetpnews.info/slot-gacor/ https://gratisbreipatroon.nl/situs-slot-gacor-hari-ini/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online

Navigate Site

  • Contact Us
  • Privacy & Policy
  • Other Links

Follow Us

No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts

© 2021 News100

https://securetpnews.info/slot-gacor/ https://gratisbreipatroon.nl/situs-slot-gacor-hari-ini/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Slot88

Slot Gacor

Situs Slot Gacor

Slot Gacor

Slot Online

Daftar Slot88

Slot88

Slot Gacor

Slot Gacor

Slot88 Online

Slot Gacor Pragmatic

Slot Online Terbaik dan Terpercaya

Slot Gacor

Slot Online Terbaik dan Terpercaya