Covered bond industry applauds Taxonomy

Kaufman & broad houses for web
By Bill Thornhill
22 Apr 2021

Covered bond bankers were optimistic about the outlook for green issuance after the European Commission published the EU Taxonomy Climate Delegated Act, which as far as real estate is concerned, is broadly in line with the recommendations set out by its technical expert group, current industry standards and a draft circulated earlier this week.

An EU official stated on Wednesday that the Commission had “taken the advice of the Technical Expert Group to use the top 15% of [energy efficient] housing stock,” meaning these buildings will be eligible for the Taxonomy provided they are constructed before December 2020.

The Taxonomy also ...

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