Sustainable finance – EU classification system for green investments

News in the Framework of the European Business & Biodiversity Campaign

 

Sustainable finance – EU classification system for green investments

The EU has set climate and energy targets for 2030, and aims to be climate-neutral by 2050. A classification system, the "EU ‘taxonomy" will provide definitions for ‘sustainable economic activities’: activities, focusing on the EU’s environmental objectives, on climate change mitigation and adaptation. 

© European Comission
This will create a common language that investors can use everywhere when investing in projects and economic activities that have a substantial positive impact on the climate and the environment.

The commission has published the draft of criteria for a final consultation. Interested stakeholders can participate until 18th of December here.
 
The formal adoption by the commission is expected in January 2021.
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