ECG responds to ESMA consultation on draft technical standards of EU Green Bonds Regulation

The ECG welcomes the opportunity to comment on ESMA’s draft technical standards of the EU Green Bonds Regulation. The EU Green Bond standard can help attract investment into EU markets and external reviews have an important role to play by bringing trust to the market. In short, we observe that in some of the draft standards, the compliance burden for external reviewers seems unnecessarily high, with no associated additional benefit for investors. There also appears to be a possible lack of a level playing field for external reviewers across the EU.

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