April 23
2021
Trajan Shipley
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18th February 2021
Banking & Finance Consumer, Health & Environment Institutional law

Green Finance: Commission, Parliament, and Council issue joint declaration on bond issuing for NextGenerationEU

The European Parliament, the Council of the EU, and the European Commission have published a joint declaration on the establishment of reporting requirements in order to enable the issuance of bonds contributing to environmental objectives for the EU’s pandemic-recovery instrument NextGenerationEU.

All institutions express their agreement to seriously explore the possibility of introducing new rules that establish specific reporting obligations for Member States, with the Commission planning to present a legislative proposal by the end of the first quarter of 2021. The objective of this is to guarantee the availability of information for the purpose of evaluating the contribution to environmental objectives of the funds borrowed i

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