In order to facilitate the recovery of European economy from the coronavirus pandemic, the European Commission launched a €250 billion sovereign green bond issuance program in October 2021. The European Commission has chosen two different issuance methods, syndicated and auction, and has established a management mechanism that includes the European Commission, the European Council, the European Parliament, national governments, the European Investment Bank and independent institutions. The NextGenerationEU green bond issuance is expected to deepen European integration, support the EU’s economic recovery, solidify the euro’s international market position, and bring new challenges and opportunities for China-EU green development cooperation. As China is the largest carbon emitting economy, green bonds are indispensable for achieving the “dual carbon” goal. To develop China’s green bond market, we can learn from the NextGenerationEU to further improve the information disclosure system, strengthen policy support, foster the transition to a model of green development, and enact as soon as possible green strategic plan to Europe.