The European Commission’s so-called “taxonomy” for classifying green investments should address three questions that are important. Regrettably, the Commission’s one-dimensional approach disregards two regarding the three, with possibly consequences that are damaging.
PARIS – European Union user states and also the European Parliament are quickly likely to follow a so-called “taxonomy” cashcentralpaydayloans.com for classifying green investments, after reaching contract final thirty days on a listing of “sustainable” financial tasks. When the brand new system comes into into force, likely this season, the European Commission will utilize this list to ascertain which monetary assets and items are sustainable.
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This taxonomy could be the backbone associated with Commission’s regulatory package on sustainable finance, that has the committed objective of “reorienting money moves towards sustainable investment, to experience sustainable and comprehensive development. ” The Commission hopes that the newest labeling scheme will deal with the situation of market players “greenwashing” non-sustainable financial services and products and act as the foundation for policy incentives to market investment that is sustainable. Read More