The European Commission’s so-called “taxonomy” for classifying green investments should deal with three crucial concerns.
The European Commission’s so-called “taxonomy” for classifying green investments should deal with three questions that are important. Unfortuitously, the Commission’s one-dimensional approach disregards two associated with three, with possibly consequences that are damaging.
PARIS – European Union member states plus the European Parliament are quickly expected to follow a so-called “taxonomy” for classifying green investments, after reaching contract final thirty days on a summary of “sustainable” financial tasks. After the system that is new into force, almost certainly this season, the European Commission will utilize this list to ascertain which financial assets and items are sustainable.
Leah Millis/Pool/Getty Images
US Democracy in Peril
The United States had never had a president who maintained such a tight stranglehold on his party until Donald Trump. Given that it will, the Constitution’s conditions for getting rid of the president – through impeachment because of the House of Representatives and conviction by way of a two-thirds greater part of the Senate – have now been neutered.
Ralph Freso/Getty Images
Can Sanders Get It Done?
Peter Summers/Getty Images
Britain Enters the Unknown
This taxonomy could be the backbone regarding the Commission’s regulatory package on sustainable finance, which includes the committed objective of “reorienting capital moves towards sustainable investment, to experience sustainable and comprehensive development. ” The Commission hopes that this new labeling scheme will deal with the situation of market players “greenwashing” non-sustainable financial items and act as the basis for policy incentives to market investment that is sustainable.