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EU wants 30% of its $891 billion stimulus plan to be raised via green bonds

Christian Fernsby |
The EU will be tapping the markets at an unprecedented scale next year and 30% of the funds should be raised through green bonds.

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The 27 EU capitals agreed in July to borrow 750 billion euros ($891 billion) from public markets starting in 2021. The idea is to use those funds to invest in different sectors across the EU and thus help them to recover from the coronavirus crisis.

Green bonds are a financial instrument that are earmarked, specifically, to raise money for projects related to climate change or the environment.

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