More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world.
In line with the announcement of President von der Leyen in her State of the Union address of 2020, the European Commission will continue to work towards issuing 30% of the NextGenerationEU financing through Green Bonds. NGEU Green Bonds are expected to enable €264.6 billion of green investments in the nine sectors set out in the NGEU Green Bond Framework, including clean transport, clean energy and energy efficiency, confirming the EU's leading role in sustainable finance.
The full implementation in the coming years of all measures that can be funded by NGEU Green Bonds will provide a significant contribution to the EU's green transition, reducing GHG emissions by an estimated 55 million tons per year within the Union. This is 1.5% of all GHG emissions in the EU and equivalent to the combined emissions of 15 million EU households or to replacing 38 million of the EU's 250 million internal combustion cars with electric vehicles. These are the results of this year's comprehensive analysis of the expected climate impact of the NextGenerationEU Green Bonds allocation published today in an annual report.
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European Union
EU continues to be a global leader on sustainable finance
The EU on track to becoming the largest issuer of Green Bonds in the world.
European Commission/AICEP
21st Nov 2024
