Skip to content
birdflumanual

birdflumanual

Better Get Finance

Primary Menu birdflumanual

birdflumanual

  • Finance & Oportunity
  • Business & Finance
  • business ideas
  • SEO marketing
  • traffic finance
  • News Business
  • General
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • traffic finance

EU advisers propose expansion of sustainable finance rules

5 months ago George T. Taft
  • Back new ‘amber’, ‘red’ categories for taxonomy
  • To bolster transparency for companies, investors
  • Follows months of debate over whether gas can be green

LONDON, March 28 (Reuters) – European Commission advisers on Monday proposed an expansion of the bloc’s sustainable finance rules to better grade activities such as gas-fired power plants that are not yet environmentally friendly.

Whether and how to include gas in the European Union’s flagship ‘taxonomy’, a list of green activities that will help the bloc reach its climate goals, has spurred intense lobbying over the last year.

After the Commission proposed defining gas as ‘green’ using more generous emissions thresholds than those originally suggested by the expert advisers, a number of European countries and politicians said they would oppose it. read more

Register now for FREE unlimited access to Reuters.com

To help solve the issue, the advisers proposed expanding the scope of the taxonomy using a traffic light system to include an intermediate, or ‘amber’, category for activities that were not yet sustainable, but which could become so over time.

They also backed creating a ‘red’ category for activities causing significant environmental harm that need to urgently transition or be wound down, as well as another for activities that have little direct impact on the environment.

“It’s really important to be clear about what are these transitions that are needed, in order to make sure that the capital markets can engage and finance can flow for them,” said Nancy Saich, Chief Climate Change Expert at the European Investment Bank and member of the expert advisory group.

By broadening the role of the taxonomy, companies would be better able to access finance to fund their transition to a low-carbon economy, while investors would get more transparency about what they were funding at a portfolio level.

“One piece of a jigsaw does not give a full picture,” said Sebastien Godinot, Senior Economist at the WWF European Policy Office.

“We need the taxonomy to contain different categories and cover all key sectors to clarify where we are now and accelerate the transition to a sustainable economy.”

Register now for FREE unlimited access to Reuters.com

Reporting by Simon Jessop, editing by Ed Osmond

Our Standards: The Thomson Reuters Trust Principles.

Tags: ""Succeeded His Business"", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous Gas prices seem to be hitting retail foot traffic, Placer.ai data finds
Next What we know about completion date, hiring, traffic

More Stories

  • traffic finance

Czech finance minister proposes raising 2022 budget deficit to $13.6 bln -Czech TV

1 week ago George T. Taft
  • traffic finance

Lori Lightfoot’s official SUVs rack up traffic tickets

2 weeks ago George T. Taft
  • traffic finance

TDOT’s SmartWay Traffic and TDOTFIX Hotline Now Available on MyTN

2 weeks ago George T. Taft

Recent Posts

  • Top Online Uk Digital And Computer Shops 2022
  • Finding Product-Market Fit In Open-Source Business Models
  • 5 Steps To Start Your Own Freelance Business
  • Your business revamp will only work if you empower its people
  • From small-time business to the stock exchange

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • November 2018
  • January 2017

Categories

  • Business & Finance
  • business ideas
  • Finance & Oportunity
  • General
  • News Business
  • SEO marketing
  • traffic finance
Intellifluence Trusted Blogger

BL

TL

You may have missed

  • News Business

Top Online Uk Digital And Computer Shops 2022

2 days ago George T. Taft
  • Business & Finance

Finding Product-Market Fit In Open-Source Business Models

1 week ago George T. Taft
5 Steps To Start Your Own Freelance Business
  • business ideas

5 Steps To Start Your Own Freelance Business

1 week ago George T. Taft
  • business ideas

Your business revamp will only work if you empower its people

1 week ago George T. Taft
  • Business & Finance

From small-time business to the stock exchange

1 week ago George T. Taft
birdflumanual.com © All rights reserved. | CoverNews by AF themes.