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Europe Editor
New EU rules aimed at clarifying which investments and economic activities are properly green , and which can contribute towards Europe s carbon neutrality goals, could have major benefits for the Irish financial services sector, according to EU officials.
The European Commission today set out a long-awaited system to classify what kinds of economic activity and financial investments can be properly deemed as green.
As well as contributing to the EU s climate goals, officials claim the move will help the EU become a leading global player in sustainable finance, and that in turn could help the Irish sector. Dublin has a good chance to become a leading center for sustainable finance within an EU which has itself a good chance to become the leading centre in the global system, one official said.