Tuesday February 18, 2020

EIB’s stance could help to ‘green’ financial markets

Top lender pursues eco-friendly investments, while making sure rest of its portfolios are not environmentally damaging

Daniel Murray

Business Reporter

5th January, 2020
The green taxonomy will provide centralised definitions of “green” or “environmentally sustainable

As 2019 wound down, MEPs and the European Council reached provisional agreement on a hugely important green finance policy which has been unhelpfully labelled the “green taxonomy”.

In simple terms, the green taxonomy will provide centralised definitions of “green” or “environmentally sustainable” economic activities in Europe. These definitions in turn will mean funds marketed as green will no longer have a free pass on how they define sustainable investments.


Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Record reduction set to have a significant impact on carbon emissions for 2019

Daniel Murray | 1 day ago

It’s unclear how the fossil fuel giant can reach ‘net-zero’ carbon emissions while continuing to pump oil and gas

Daniel Murray | 2 days ago

Friends of the Irish Environment oppose liquid gas project being given European fast-track planning status

Daniel Murray | 5 days ago