The first EU release brings in USD 13.8 billion

The EU is planning to provide $ 250 billion in bond green by the end of 2026

The European Commission released its green deal on Tuesday, raising 12 billion euros ($ 13.8 billion) from sales that attracted huge demand from investors.

The EU is planning to provide $ 250 billion in bond green by the end of 2026 as part of its plan to fund 27 organizations that have recovered from the coronavirus crisis.

The EU Commission said the 15-year agreement was signed by more than 11 billion books, with more than 135 billion books.

Johannes Hahn, Commissioner for Budget and Monitoring, said “this is the largest book on global prices, as well as the largest green consensus ever issued, not only in Europe, but around the world.” On the other hand, the EU is expected to grow from major markets to about $ 800 billion by the end of 2026, with a 30% increase over green. trillion budget and recovery package.

The EU has a desire to become a leader in the green bond market, which is being kept for a stable currency.

“It allows investors to differentiate between their green and high-value activities, thereby promoting better value for money,” Hahn said.

As part of its “Green Deal” initiative, the EU has promised to reduce greenhouse gas emissions by 55% over the next 10 years and has set a goal of carbon-free by 2050.

In order to receive their share of assistance, EU countries have agreed that their international plans must provide 37% of funding for climate change.

“Our future is bright and it is very important that we take advantage of this opportunity to make it clear to investors that their money will be used to raise money in Europe,” Hahn said.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *