On Tuesday, the EU Commission approved a number of measures to raise its ambitions when it comes to sustainable financing. Among other things, it is introducing a gold standard for green loans to make it easier for investors to see through greenwashing tactics.
"As expected, the EU's Green Bond Standard is to a large extent based on current best market practice. The big difference is that all incomes must be in line with the taxonomy. Of course, this has been suggested as a voluntary standard, and I expect that the players with big investments falling under the taxonomy will choose to issue EU Green Bonds," says DNB Markets Head of Sustainable Finans Nina Ahlstrand to AMWatch's Norwegian sister media FinansWatch.no.