Lots of light, little shade, / comment on
Sustainable finance strategy of the EU by Andreas Heitker
Frankfurt (ots) – If you consider that the first EU action plan on the subject
Sustainable funding only dates back to 2018, a lot has already happened. In front
especially with the development of its own classification system (taxonomy)
Europe assumed an international leadership role. But the world has turned in
The past three years turned further: The climate ambitions and climate goals
are now even higher, and massive more are needed to reach them
Investments in the green transformation of the economy are necessary. Without any additional
private financing in the EU in the hundreds of billions per year, so
According to estimates, the 2030 climate targets are unlikely to be achieved.
That is why it is good and important that the EU Commission gives its
Sustainable finance strategy now sharpened and expanded again. In front
The so-called ESG risks in particular should be better addressed: with the
Banks, with insurers and also with rating agencies. Various
Existing legal frameworks are now referred to again in this regard
Test bench put. That financial market regulation is not about that
can give preference to sustainable investments across the board (for example in the
Capital requirements), there should now be consensus. Because
of course, sustainable positions are not inherently less risky. The
The EU Commission has a “Green Supporting Factor” in the regulation, however
apparently not quite written off yet. In the new strategy, he dives into
In the form of green consumer or real estate loans. Such ideas
should quickly disappear into the drawer.
On the other hand, it is positive that the Brussels authority is now also addressing the issue
Looks more closely at greenwashing. The uniform new green bond standard
can help here. It is good that there will be a voluntary EU-wide in future
Should give a standard that is consistently based on taxonomy and the
thus also a yardstick for the other, still existing
Sustainability labels can be. This is likely against the background of
high demand for green bonds could be an important step towards transparency.
It is also to be welcomed that the EU Commission now has the
Looking beyond the European horizon and striving for international standards.
However, the EU wants other countries to follow their sustainability strategy
after that, it must first implement it in a credible manner.
Stock exchanges newspaper
Further material: http://presseportal.de/pm/30377/4961662