The Legislative Proposals to Support the Action Plan on Financing Sustainable Growth in Europe

Giulia Dario and Laura Corazza
Additional contact information
Giulia Dario: Fondazione Eni Enrico Mattei, University of Torino
Laura Corazza: University of Torino

Briefs, 2019

Abstract: The goal of the Action Plan on Financing Sustainable Growth approved by the European Union in March 2018 is to integrate sustainability considerations into European financial policy framework. To support this, several legislative proposals have been issued which have been further specified in Technical Expert Group on Sustainable Finance (TEG) Reports published from January to September 2019. These reports provide recommendations and develop minimum requirements on specific issues referring to: Taxonomy, creating a unified classification system on what can be considered an environmentally sustainable economic activity; the introduction of a European Green Bond Standard to create a voluntary standard to enhance the effectiveness and comparability of the green bond market; common criteria to create European Climate Benchmarks to avoid misleading users of financial products. This document gives an overview of all these measures, highlighting moreover, their impact and benefits for the different players in the market.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.feem.it/en/publications/briefs/the-leg ... le-growth-in-europe/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:fbrief:2019.12-09

Access Statistics for this article

More articles in Briefs from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Prina Cerai ( this e-mail address is bad, please contact ).