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Economic Affairs
EU steps up pace of green transition
The EU’s Commissioner for Budget and Administration Johannes Hahn touts its next-generation green bonds as a game changer, but short-term energy challenges are acute.
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The EU's Commissioner for Budget and Administration Johannes Hahn during an interview with ST associate editor Vikram Khanna this month.
ST PHOTO: KUA CHEE SIONG
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As devastating heatwaves and forest fires rip through Europe, the European Union is stepping up its most ambitious initiative yet to battle climate change, which is their ultimate cause: next-generation green bonds (NGBs), which are being touted as a game changer for green finance worldwide.
The EU's Commissioner for Budget and Administration Johannes Hahn has been making the rounds of Asian capitals to kindle interest in this relatively new financial instrument.
