Developments and Obstacles in the Process of Developing a Common Taxonomy for Climate Investments

As countries and governments have pursued policies and regulations to fulfill their commitments to achieve a climate-neutral world by mid-century, they have formulated classification systems or “taxonomies” to define, guide and measure environmentally sustainable economic activities. Taxonomies have been developed in the EU, China and around the world to translate green objectives into criteria for investment, establish how assets and projects are aligned with green objectives and define green activities that can be financed by the financial system.

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