“Clearly the EU is putting forward the first taxonomy globally, this is the first comprehensive list of green economic activities, ” the commission’s executive vice-president Valdis Dombrovskis said in an interview. “There’s a chance of this taxonomy being used internationally.” (Pic shows Valdis Dombrovskis, trade commissioner for the European Union (EU), speaks during a news conference in Brussels, Belgium, on Wednesday, )
BRUSSELS: The European Union’s (EU) new standards for classifying sustainable investment will change the way economies operate, divert cash flows and reverberate across the globe, according to the officials in charge of the new rulebook.
A labelling system unveiled is nothing short of a “re-engineering of the economy and re-engineering of the financial world, ” Mairead McGuinness, the European commissioner responsible for financial services, said in an interview.
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