On 23 October, the Council adopted the EU green bond standard regulation, with Austria, Germany and Luxembourg abstaining.
This follows the EP’s endorsement of the political agreement on the file, reached earlier this year with a big majority.
To recall, the EU green bond standard is meant for companies and public entities that wish to raise funds on capital markets to finance green investments while meeting sustainability requirements. The regulation also sets up a registration system and supervisory framework for external reviewers of EU green bonds.
The regulation will be signed by the Presidents of the EP and Council and then will be published in the EU’s official Journal before entering into force 20 days later.