EU Commission to propose EU green bond standard by June, EU leaders say

The European Commission has been tasked to make a legal proposal for an EU green bond standard by June, EU leaders said in a statement on Friday after a two-day sumit in Brussels.

Spurred by growing investor interest in assets to fund environmentally-friendly spending, the market for green bonds has expanded rapidly in recent years with about $250 billion sold globally last year, or 3.5% of global bond issuance.