Europe set for biggest shift yet in financing cleaner growth

Foto: Arne Immanuel B'nsch/picture-alliance/dpa/AP Images

The European Union will unleash as many green bonds as the world issued last year, testing the level of investor interest in financing a shift toward cleaner economies.

The bloc plans to create up to 225 billion euros ($266 billion) of green debt, which will propel it from a debut issuer to the largest player in the nascent market in coming years. With no set definition on what makes a green bond, its criteria are likely to set a benchmark standard for others to follow...

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