EU Taxonomy a mix of soft and strong, clear and vague

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EU Taxonomy a mix of soft and strong, clear and vague

Car exhaust pipe diesel from PA 10Mar20 575x75
November 24, 2018 - Cologne, Germany - The exhaust pipes of a parked diesel car seen In Cologne..Ban on diesel vehicles with Euro 4 engines or older engines as well as for petrol engines of the classes Euro 1 and 2. It is all about the green environmental zone. It would be effective from April 2019 and September 2019 for diesel cars of class 5. (Credit Image: © Osama Faisal/SOPA Images via ZUMA Wire) | Osama Faisal/Zuma Press/PA Images

The European Union’s Taxonomy of Sustainable Economic Activities, the latest draft of which was released on Monday, has been hailed by promoters as the opening of a new chapter in responsible investing. But the document is complex and much will depend on how market participants use it.

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