(ANSA) - BRUSSELS, 6 DEC - First agreement in the EU on the measures proposed by the European Commission last year to create a "taxonomy", that is the criteria that will determine which economic activities are green.
"I am happy that a compromise has been reached. We need massive investments to move to a climate-neutral economy. The climate emergency leaves us no choice but to act", said Vice-President of the Commission, ValdisDombrovskis. This 'EU green list', or taxonomy, "will help block the billions of euros it takes to make Europe the first climate-neutral continent by 2050," explains the president, underlining how it is in line with the ambition of the new Commission to finance the green transition. The list will clarify to institutional investors, ie asset managers, insurance companies, pension funds, or financial advisors, how to integrate ESG objectives (environmental, social and governance) into their decision-making processes.
EU, first ok for green finance rules
2019-12-06T14:08:12.938Z
First agreement in the EU on the measures proposed by the European Commission last year to create a "taxonomy", ie the criteria that will determine which economic activities are green. "I am happy that a compromise has been reached. (ANSA)