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EU Moves Closer to Creation of Green Bonds

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The European Union took a step closer to enabling the creation of verified green bonds when council members approved a list of requirements that issuers must satisfy to be granted EU Green Bond (EuGB) status. The council said its members had agreed that a registration system and supervisory framework for external reviewers should be created. The EU had proposed the creation of EuGBs in July, one of many aspects of the 27-nation bloc’s measures to draw private finance to achieving its sustainability goals.

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