We have just released the NextGenerationEU Green Bonds Allocation and Impact Report 2025 🌱📘Thanks to the financing provided by NextGenerationEU Green Bonds, a total of €78.5 billion worth of NextGenerationEU Green Bonds have been issued to date, which will avoid an estimated 14 million tonnes of CO₂ emissions per year being released - the equivalent of the average yearly greenhouse gas emissions (GHG) emissions of more than 1.5 million Europeans. The full implementation of climate-related projects under the Recovery and Resilience Facility (worth €262.8 billion on 1 August 2025) has the potential to reduce the EU's greenhouse gas emissions by 53.4 million tons of CO₂ per year. This would be equivalent to 1.5% of the aggregate 2022 EU greenhouse gas emissions.At least 37% of spending in Member States' Recovery and Resilience Plans (RRPs) is to be used for sustainable investments and reforms in areas such as green infrastructure and renewable energy. NextGenerationEU Green Bonds reflect the Commission's commitment to supporting green investments and reforms, while allowing investors and markets to be part of the solution. The bonds finance projects all across the European Union, offering support in areas such as clean and efficient energy, biodiversity, and clean transport.This report provides investors and stakeholders with an annual update on:🔹 How the proceeds from NGEU Green Bonds have been allocated;🔹 The estimated realised and expected climate impacts;🔹 The evolution of the NGEU Green Bond programme, based on a cut-off date of 1 August 2025.Only four years after the first issuance, the EU has become one of the largest green bond issuers globally.This annual report delivers on our strong commitment to transparency and demonstrates how hashtag#NextGenerationEU Green Bonds are driving Europe’s climate transition.