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Take Five: Nature Takes New York

Chris Hall

Talks, then action – With just 15% of the Sustainable Development Goals on track, this week’s UN SDG Summit saw governments rally behind a political declaration that emphasised the need to close a yawning finance gap. Anti-greenwashing action returned on both sides of the Atlantic this week. What’s in a name?

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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”

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Take Five: Into the Stratosphere

Chris Hall

Negligible impact on SDGs – The need to close a massive financing gap to achieve the UN Sustainable Development Goals (SDGs) is well established. Regulators are already pushing back against the risk of greenwashing with a range of fund disclosure , naming and labelling rules. billion) green investment pledge.

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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

It also identified two possible strategies for transitioning to a more precise product categorisation system. A proposal made by the Dutch Authority for Financial Markets last month suggested the current SFDR framework could be improved by discarding the current Article 8/Article 9 distinction and replacing them with three categories.

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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

In fact, 41 out of the 47 taxonomies currently under development have either stated outright or implied that they aim for their respective taxonomies to be used to guide policymakers and authorities, or they are in the early stages of development and have yet to make such an intention clear.

Banking 59
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Can Taxonomies Mobilise Capital for Indonesia’s Coal Phase-out?

Chris Hall

The government is putting together a comprehensive investment plan (CIP) to fund its net-zero aim. For the power sector alone, state utility Perusahaan Listrik Negara has repeatedly stated a need for at least US$500 billion to reach its net-zero goal by 2060, far surpassing the state budget’s funding capacity.

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EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainable investing was called back then.