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EU commission to issue 250 billion euros in green bonds

Andrew Cuomo

BRUSSELS (AP) — The European Commission is looking to issue up to 250 billion euros in green bonds this fall as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis. The EU’s executive arm said on Tuesday that the bonds will represent 30% of NextGeneratoonEU’s total issuance. The EU said the funds mobilized will be allocated to green projects. The commission said it will issue the first green bond in October, subject to market conditions. 

Article Topic Follows: AP National News

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Associated Press

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