Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
The European taxonomy and the financing of the environmental transition
Paolo Marullo ReedtzMay 2022 - n. 5
Keywords: Tassonomia europea delle attività sostenibili, finanza sostenibile, ambiente
Jel codes: M14, O44
The taxonomy of sustainable economic activities plays a pivotal role in the initiatives launched under the 2018 European Action Plan. Especially if extended to economic activities causing significant harm to environmental objectives and to those with low environmental impact, according to the recommendations recently issued by the Platform on Sustainable Finance, the system of classification can act as the main pillar of sustainable finance in the European Union, the main reference point for industrial and financial choices free from binary misunderstandings and risks of greenwashing, capable of putting an end to harmful environmental performances and promoting the transition to more satisfactory results, to those that are fully sustainable.
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