EC’s Taxonomy compromise won’t help covered bonds

The final text of the European Commission’s draft Taxonomy of Sustainable Economic Activities has been described as a positive compromise. But one funding official has described it as untenable and unable to promote green covered bond issuance.
The final text of the Taxonomy got a very mixed reaction when it was was circulated to member states on Monday.
The final draft said that a building constructed before December 31, 2020 must have a class ‘A’ or ‘B’ Energy Performance Certificate (EPC) that is no older than 12 ...Already a subscriber? Login