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

9 Pages Posted: 6 Jan 2020

See all articles by Giulia Dario

Giulia Dario

University of Torino

Laura Corazza

University of Torino

Stefano Pareglio

Catholic University of the Sacred Heart of Milan

Date Written: December 17, 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.

Keywords: Financing Sustainable Growth, European Green Bond Standard

Suggested Citation

Dario, Giulia and Corazza, Laura and Pareglio, Stefano, The Legislative Proposals to Support the Action Plan on Financing Sustainable Growth in Europe (December 17, 2019). FEEM Policy Brief No. 09.2019. Available at SSRN: https://ssrn.com/abstract=3506655

Giulia Dario (Contact Author)

University of Torino ( email )

Torino
Italy

Laura Corazza

University of Torino ( email )

Torino
Italy

Stefano Pareglio

Catholic University of the Sacred Heart of Milan ( email )

Milan, Milan
Italy

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