Proposed changes would lead to an unsustainable level of additional cost and liability for issuers.
Year-to-date ESG bond and loan volumes have surpassed the 2020 total despite quarterly decline.
Firms will now need to satisfy climate-related eligibility criteria for their bonds to be purchased.
New target should be $5trillion in annual green investment by 2025.
JP Morgan moved into the top spot for sustainable finance bond underwriting.
The Luxembourg Green Exchange was created in response to Paris Climate Agreement and UN SDGs.
The order book was the largest for a sovereign green transaction.
Annual green bond issuance could exceed $1 trillion by 2023.
BIS Innovation Hub's first green finance project will enable real-time tracking of environmental outputs.