The Netherlands is the first country in Europe to bring the regulatory framework for green bonds into line with European rules for sustainable investment, according to the Ministry of Finance.
Insurers are happy with this because green bonds are a good investment option to make an important contribution to the European climate goals.
The Netherlands joins EU taxonomy
The changes ensure that the Dutch regulatory framework for green bonds is fully in line with the so-called EU taxonomy. This is a system to determine which parts of the economy you can make more sustainable through green investments. The Association advocates projects that also bear fruit in the longer term, such as making the energy supply more sustainable (via wind energy, for example), housing construction and climate adaptation measures such as flood risk management.
Reopening of green bond on 14 June
The European Union aims to raise 250 billion euros in green bonds. After the first issue in 2019, the Netherlands has raised 10.4 billion euros from the green bond that expires in 2040. The ministry will reopen this bond on 14 June to raise another 4 to 5 billion euros. The ministry expects to issue a new green bond in 2023 or 2024.
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