That’s important for stamping out “greenwashing” -- calling products sustainable even if they don’t really help fight climate change. The European Banking Authority is also exploring how to incorporate climate change into stress tests of banks. That this is an all-hands-on-deck moment in Europe, so regulators must work closely with elected politicians to achieve climate change goals. The taxonomy, or green list, will also need time to fully develop into a working catalog. And on the consideration of climate risks, the conversation of how they should be dealt with by financial regulators is only starting.

Source: Washington Post December 21, 2019 23:15 UTC