Lawmakers Approve Green Finance ‘Taxonomy’ Legislation :: The Independent Global Nuclear News Agency: The European Parliament on Thursday approved green finance legislation to determine whether an economic activity is environmentally sustainable and to boost private sector investment in “green” projects.
The legislation, known as the EU sustainable finance “taxonomy”, will restrict which investments can be classed as green and force providers of financial products to disclose which investments meet the criteria, from the end of 2021.
The taxonomy will create a common language that investors can refer to when investing in projects and economic activities that have a substantial positive impact on the climate and the environment.
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