In its response Finance Watch highlighted that:
- The implementation of the EU Green Bond Standard should take place through a Regulation.
- The Limited scope for legal enforcement of green integrity is an important barrier to the green bond market.
- Environmental policies should be more prescriptive to be able to stimulate the investments in green projects and so develop the green bond market.
- In no circumstance the issuer should be allowed to simply rely on the fundamentals of the Taxonomy to verify the alignment of their green projects with the Taxonomy.
