The EU Taxonomy for Sustainable Investments – Transport
Regulation (EU) 2020/852 of the European Parliament and EU Council (the ‘Taxonomy Regulation’)¹ came into force on 12 July 2020, although it will not start applying until 1 January 2022 at the earliest. It represents a key step towards the EU’s objective of achieving a climate neutral union by 2050. “The taxonomy is likely to be a key tool in assessing any green supporting factors under banks’ prudential rules (e.g. capital adequacy treatment).” The Taxonomy Regulation provides uniform criteria for companies and investors to determine whether an economic activity is ...
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