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NextGenerationEU green bonds drive sustainable investments in energy efficiency and clean transport
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NextGenerationEU green bonds drive sustainable investments in energy efficiency and clean transport
13 December 2024
The NextGenerationEU green bonds, raising over EUR 65 billion, finance sustainable investments, primarily focusing on energy-efficient building renovations, clean transport, and renewable energy, contributing to a significant reduction in EU emissions.
Editorial Team
The NextGenerationEU (NGEU) instrument requires that 37% of recovery spending in EU member states be dedicated to sustainable investments, with a focus on climate change.
A significant portion of this funding comes from green bonds, which have raised over EUR 65 billion, supporting projects in energy efficiency, clean transport, and renewable energy.
Notably, NGEU funds building renovations and energy efficiency upgrades, contributing to the green transition.
The program is expected to enable EUR 264.6 billion in green investments, potentially reducing EU emissions by 55 million tons annually, while also supporting clean infrastructure and biodiversity projects.
