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EU maritime sector set to benefit from new sustainable finance package April 28, 2021, by Naida Hakirevic
On 21 April, the European Commission adopted a “sustainable finance” package to help improve the flow of money towards sustainable activities across the European Union.
By enabling investors to re-orient investments towards more sustainable technologies and businesses, the measures are expected to be instrumental in making Europe climate neutral by 2050.
This package comprises the EU Taxonomy Climate Delegated Act, the EU Taxonomy’s first act with technical screening criteria defining which economic activities contribute substantially to meeting the EU’s climate objectives.
“We are taking a leap forward with the first-ever climate taxonomy which will help companies and investors to know whether their investments and activities are really green. This will be essential if we are to mobilise private investment in susta