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EU adopts sustainable finance measures

EU adopts sustainable finance measures
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ECSA welcomes recognition of the shipping industry as a transitional sector in sustainable finance package

ECSA welcomes recognition of the shipping industry as a transitional sector in sustainable finance package The European Commission adopted today a Sustainable Finance package with the aim of improving the flow of investments towards sustainable activities and hence using financial instruments to make Europe climate neutral by 2050. ECSA welcomes that the European shipping industry has been recognised under the Taxonomy as a transitional sector. However, ECSA emphasises that in order to drive a successful transition, it is vital that the technical screening criteria is realistic and technology neutral. ECSA welcomes that the shipping industry has been recognised as a transitional sector. “The European shipping industry is committed to achieve its decarbonisation and environmental objectives. At the same time, being a capital intensive industry where many vessels are one of a kind, it is also key to ensure access to innovative and sustainable solutions, which can drive the entire

Covered bond industry applauds Taxonomy

By Bill Thornhill 22 Apr 2021 Covered bond bankers were optimistic about the outlook for green issuance after the European Commission published the EU Taxonomy Climate Delegated Act, which as far as real estate is concerned, is broadly in line with the recommendations set out by its technical expert group, current industry standards and a draft circulated earlier this week. An EU official stated on Wednesday that the Commission had “taken the advice of the Technical Expert Group to use the top 15% of [energy efficient] housing stock,” meaning these buildings will be eligible for the Taxonomy provided they are constructed before December 2020.The Taxonomy also

Building glass and glazing covered by the EU Taxonomy Climate Delegated Act

WhatsAppLINKEDINFACEBOOKTWITTERPRINTMORE WhatsAppLINKEDINFACEBOOKTWITTERPRINTMORE Date: 22 April 2021Source: glassforeurope.com Photo source Date: 22 April 2021 Glass for Europe has always been clear that high-performance glazing is essential for Europe to move towards climate neutrality. This EU Taxonomy classification comes as a fair recognition of the instrumental role our sector plays in this transition. Today the European Commission adopted the EU Taxonomy Climate Delegated Act as part of a package aiming at directing private financing towards sustainable activities across the European Union. Glass for Europe welcomes the recognition by the Taxonomy Climate Delegated Act of the role of building glass and glazing to contribute to climate change adaptation and mitigation.

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