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Luxembourg financial centre breaks new ground in fight against climate change
The Luxembourg Stock Exchange (LuxSE) launched the Luxembourg Green Exchange (LGX). LuxSE is the first stock exchange in the world to introduce a platform dedicated to listing and dealing in green instruments, a move that will set a new benchmark for the rapidly evolving green securities market.
LGX will immediately become home to the majority of the 114 green bonds listed on LuxSE, worth over $45 billion, issued by the EIB, the World Bank and the Bank of China, among others. It marks the first time that a stock exchange has required green labelled securities to adhere to strict eligibility criteria, that include labelling, the use of proceeds, and most importantly ex-ante review and ex-post reporting.
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