The EU will need additional investments of around €700 billion every year to meet the objectives of the European Green Deal. The bulk of these investments will have to come from private funding.
To address this challenge, the EU has since 2018 put in place three building blocks for a sustainable financial framework:
The EU Taxonomy, a common dictionary for economic activities substantially contributing to the EU's climate and environmental objectives;
Rules on disclosures and reporting for both companies and investors, to ensure proper transparency for all stakeholders; and
Tools, such as standards and labels for Climate Benchmarks and the EU Green Bond Standard.
Read the full article at: ec.europa.eu
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