The European Commission set up a Technical Expert Group on Sustainable Finance (TEG) to support the implementation of the Commission’s Action Plan on Financing Sustainable Growth. Among other tasks, the TEG was mandated to develop recommendations for technical screening criteria regarding economic activities that make a substantive contribution to climate change mitigation or adaptation, i.e. the so-called Taxonomy. This report carries out a financial impact assessment of the Taxonomy.
View the report HERE
In early March, the Technical Expert Group on Sustainable Finance will publish its final report on an EU Taxonomy as well as further user guidance in relation to its recommendations for an EU Green Bond Standard. To accompany these reports and provide a venue for an open exchange with stakeholders, the European Commission will organise a stakeholder dialogue on 12 March 2020. (Information, HERE)
The meeting will also provide an opportunity for stakeholders to discuss and express ideas on the upcoming renewed sustainable finance strategy, which was announced in the European Commission’s Communication on the European Green Deal.
Source: European Commission