The full implementation of NextGenerationEU (NGEU) measures financed by the NGEU Green Bonds can reduce greenhouse gas emissions by 44 million tonnes per annum, equivalent to 1.2% of the EU’s aggregate greenhouse gas emissions. These are the results of the first comprehensive quantification of the expected climate impacts of the NextGenerationEU Green Bonds allocation published in a special report.
More than two years after the inaugural NGEU Green Bond issuance, the Green Bond programme has brought close to €50 billion of highly rated Green Bonds to the market with the potential to become the world’s largest green bond programme.
The NGEU Green Bonds Allocation and Impact Report shows that NGEU Green Bonds are backed by a significant pool of projects and climate-related investments in the national Recovery and Resilience Plans (RRPs), from clean transport to infrastructure and energy efficiency, eligible for green bond financing with a total volume of €190 billion.
The impact of the implementation of all measurable climate-relevant actions under the RRPs will increase progressively until 2026 and will be maintained well beyond this year for the lifetime of the financed investments under the Recovery and Resilience Facility.
Next Steps
The impact reporting methodologies presented in the report will form the foundation for future annual reports that will track progress in that area.
