Since the launch of the EU Sustainable Finance Action Plan in 2018, the development of an agreed and shared taxonomy for sustainable activities has been a critical cornerstone of an ambitious vision to consolidate a green finance market for the whole region, that would lead to a prosperous, modern, competitive and climate neutral European economy by 2050. This vision is central to the EU growth strategy and will lead to investments in green technologies, sustainable solutions and new businesses. The Technical Expert Group (TEG) on Sustainable Finance was tasked with the development of a set of criteria towards a first proposal of a EU Taxonomy, in order to asses when an economic activity contributes to the EU vision (i.e. makes a substantive contribution to climate change mitigation or adaptation, while avoiding significant harm to other environmental objectives). These criteria could be applicable to investments in the EU and to EU investment abroad, including in IDB member countries, hence the need for a discussion on the principles underpinning the EU Taxonomy and (eventually) additional ones, as well as the implication of the taxonomy for cross border investments. Please join in a conversation with: Maarten Vleeschhouwer and Emmanuel Buttin from the EU Commission, and Stephen Nolan from UNEP, to learn more about: -The Principles underpinning a Green Taxonomy -The EU Taxonomy for Sustainable Activities, -The role of the International Platform on Sustainable Finance The webinar us will take place on February 19th 2020 at 10:30am ET and will be moderated by Gianleo Frisari, Climate Economist at the IDB.
DATE: February 19, 2020ORGANIZERS:
- CCS - CMF - IDB