EU may finance 30% of recovery fund with green bonds, says S&P

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By Burhan Khadbai
15 Jul 2020

The European Union could use green bonds to finance a chunk of its proposed €750bn recovery fund in a move that would make it easily the largest supranational provider of green safe assets, said S&P on Wednesday.

“The European Commission has already expressed its desire to finance the recovery fund through debt issuance because member states' contributions to the EU budget only cover the multiannual framework,” said Marion Amiot, a senior economist at S&P, in the report. 

“Given its strong commitment to finance a green recovery, ...

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