The consultation aims to gather technical input from stakeholders in the green bond market before finalising an EU GBS.
By Paul A. Davies, Michael D. Green, and Aaron E. Franklin
On 12 June 2020, the European Commission (the Commission) published a targeted consultation document on the establishment of an EU Green Bond Standard (EU GBS). The Commission has committed to the establishment of an EU GBS as part of its broader Action Plan on Financing Sustainable Growth (the Action Plan), and hopes that the promulgation of an official EU standard will help address some of the barriers it has identified in the current green bond market.