EC’s Taxonomy compromise won’t help covered bonds

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By Bill Thornhill
25 Mar 2021

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 ...

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