Addendum to “Applying the EU Taxonomy” – Lessons from the Front Line
January 25, 2021
The EU plans a historic investment of up to €2 trillion in its economy from 2021. If used wisely, combined with leveraged money from the private markets, this provides a unique opportunity to contribute to the objectives of the Green Deal, while reducing the corresponding investment gap and fighting the post-COVID19 recession. Against this background, it is frustrating that the debate about the right tool to track the climate share revolved around an outdated system (“Rio Markers”), not aligned with the so important private markets, or got lost in minor details and legislative issues. This 2-pager serves as an addendum to the recently published report “Applying the EU Taxonomy” – Lessons from the Front Line. It focuses on the bigger picture and promotes a pragmatic way forward.