EU's COVID recovery spending should be guided by green finance plan: experts

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Planned European Union rules requiring investments to be in line with climate policy should be used to guide economic recovery measures after the coronavirus pandemic, despite not yet being law, the bloc's expert advisers said on Monday.

LONDON - Planned European Union rules requiring investments to be in line with climate policy should be used to guide economic recovery measures after the coronavirus pandemic, despite not yet being law, the bloc’s expert advisers said on Monday.

The Commission had planned to introduce rules on which investments can be called “green” from 2021, forcing providers of financial products to disclose which investments meet the criteria - known as the EU “sustainable finance taxonomy”. The TEG has also drawn up a green bond standard for the EU and a framework to assess whether financial instruments, contracts or investment funds conform with the goals of the Paris Agreement on climate change.

 

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not-to-be-missed SriNEWS (BIG!) update v KateAbnett JessopReuters GiuliDuyck EU_Finance PaoloMasoni sustainablefinance sustainablefinanceEU sri esg responsibleinvestment

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we really need headlines to stop adding 'experts'. Name them and provide the credentials. Not this organization in particular. Just a trend in all headlines.

never let a crisis go to waste.

Just give everyone a new electric vehicle.

paintwithalex Reminds me of your work.

No matter how it is guided, they are fugged.

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