“Will Europe give away its climate leadership?: Why a strong sustainable finance taxonomy is crucial for EU international leadership” is a recent briefing paper from E3G written by Tsvetelina Kuzmanova, Kate Levick, Johannes Schroeten, and Sam Mealy.
Lowering the ambition of the EU green taxonomy creates a cascading geopolitical risk. Weak European sustainable finance standards would lead to other major economies taking steps that would conflict with EU climate policy objectives and weaken Europe’s role as a leading regulator. This briefing makes the case for ensuring that the economic activities included in the EU green taxonomy continue to be categorised in line with the principles set out in the Taxonomy Regulation, to avoid reputational damage for Europe, and the weakening of climate ambition internationally.
Download the briefing here