ECB's Lagarde calls for green capital markets union
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
TUESDAY, MAY 17, 2022
TUESDAY, MAY 17, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
ECB's Lagarde calls for green capital markets union

Global Economy

Reuters
06 May, 2021, 07:00 pm
Last modified: 06 May, 2021, 07:00 pm

Related News

  • ECB sees inflation stabilising around 2% target: Economist
  • ECB puts Russians in EU under scanner
  • Centeno says ECB needs to keep monitoring inflation, stand ready to act
  • ECB's Lagarde, Panetta warn against tightening too soon
  • ECB's Lagarde says causes of EU inflation spike temporary

ECB's Lagarde calls for green capital markets union

Europe is aiming for a leading role in the shift to sustainable growth and the European Union is planning to issue 225 billion euros of green bonds as part of a recovery project. However, the bloc's capital markets remain relatively underdeveloped

Reuters
06 May, 2021, 07:00 pm
Last modified: 06 May, 2021, 07:00 pm
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski

 Europe needs to develop a "green" capital market union to generate cash for sustainable investment and remain the location of choice for investors issuing green debt, European Central Bank President Christine Lagarde said on Thursday.

Europe is aiming for a leading role in the shift to sustainable growth and the European Union is planning to issue 225 billion euros of green bonds as part of a recovery project. However, the bloc's capital markets remain relatively underdeveloped.

"Green Capital Market Union not only gives us a tremendous opportunity to craft something genuinely European and with immediate impact, but it also has the potential to transform the EU as a whole," Lagarde said.

For such a union, earlier advocated by ECB board member Isabel Schnabel, the bloc needs to require firms to disclose sustainability data and requires proper European supervision of green financial products with official EU seals, Lagarde said.

The EU would also need harmonised tax treatment of investments in sustainable finance and further harmonisation of national insolvency rules, Lagarde added.

The ECB is one of the biggest buyers of green debt and due in part to its copious purchases, around 60% of all green senior unsecured bonds were issued in Europe last year.

World+Biz

European Central Bank (ECB) / Green Capital

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Are banks only gainers from dollar crisis?
    Are banks only gainers from dollar crisis?
  • PK Halder wants to return home
    PK Halder wants to return home
  • Exporters for continuation of 0.5% source tax for 5 years 
    Exporters for continuation of 0.5% source tax for 5 years 

MOST VIEWED

  • An employee takes granules of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin
    Russia gives Credit Bank of Moscow licence to export gold
  • An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna
    Surging natural gas prices squeeze US industrial sector
  • The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo/File Photo
    Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal
  • Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/Files
    Oil prices fall on China's weak economic data
  • Customers wait in front of a restaurant in Beijing, China April 15, 2022. REUTERS/Tingshu Wang/Files
    China's economy skids as lockdowns hit factories, retailers
  • Wheat prices hit record high after India export ban: Report
    Wheat prices hit record high after India export ban: Report

Related News

  • ECB sees inflation stabilising around 2% target: Economist
  • ECB puts Russians in EU under scanner
  • Centeno says ECB needs to keep monitoring inflation, stand ready to act
  • ECB's Lagarde, Panetta warn against tightening too soon
  • ECB's Lagarde says causes of EU inflation spike temporary

Features

Bitcoin, by far the largest cryptocurrency, is a terrible substitute for government-issued money. Photo: Reuters

Crypto’s wild week offers a much-needed warning

11h | Panorama
Karst Stone Paper Journal: Write on indestructible stone paper

Karst Stone Paper Journal: Write on indestructible stone paper

12h | Brands
Pesky bugs do not stand a chance against this automatic indoor insect trap

Pesky bugs do not stand a chance against this automatic indoor insect trap

12h | Brands
Wazeenah: Turning furniture into a canvas

Wazeenah: Turning furniture into a canvas

12h | Brands

More Videos from TBS

Finland, Sweden decide to join NATO

Finland, Sweden decide to join NATO

3h | Videos
Where you can swim for Tk5

Where you can swim for Tk5

5h | Videos
Cultural activists pay tribute to Hassan Arif

Cultural activists pay tribute to Hassan Arif

8h | Videos
How PK Halder becomes a scamster

How PK Halder becomes a scamster

8h | Videos

Most Read

1
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

2
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

3
Impact of falling taka against US dollar
Banking

Taka losing more value as global currency market volatility persists

4
Govt tightens belt to relieve reserve
Economy

Govt tightens belt to relieve reserve

5
Union Capital asked to return Tk100cr FDR to BATBC 
Banking

Union Capital asked to return Tk100cr FDR to BATBC 

6
How Bangladesh can achieve edible oil self-sufficiency with local alternatives
Bazaar

How Bangladesh can achieve edible oil self-sufficiency with local alternatives

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab