Newer sustainable finance taxonomies converging on common features
REGULATORS in various jurisdictions are increasingly aligned on how they design their sustainable finance taxonomies, according to an analysis of 13 country and regional frameworks.
The “common language” between taxonomies will make it easier to compare and harmonise standards to improve capital flows, according to a policy brief by government-owned enterprise German Agency for International Cooperation (GIZ) and US-based non-profit think-tank Center of Clean Air Policy (CCAP).
“The importance of having a common language and a homogeneous understanding of how to develop sustainable finance taxonomies is becoming more evident as more jurisdictions express interest in using taxonomies as a regulatory policy instrument,” the authors wrote.
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