TEG chief: Taxonomy is for disclosure, not prescription
Financial specialists will have two years to work out how to implement the European Union’s Taxonomy of Sustainable Economic Activities, which now looks certain to become law in the coming months. But investors, companies and banks are likely to start using the huge document much sooner than that, in a wide variety of ways.
It now seems certain that the EU will make the Taxonomy law early in 2020, after enough of the countries, led by France, that had objected to the final text last week agreed to the law on Monday.“A few days after the disappointing results of the COP ...
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