{"id":115078,"date":"2023-06-21T08:00:37","date_gmt":"2023-06-21T05:00:37","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/can-the-eu-sustainable-finance-taxonomy-unlock-the-circular-economy\/"},"modified":"2023-06-21T08:00:37","modified_gmt":"2023-06-21T05:00:37","slug":"can-the-eu-sustainable-finance-taxonomy-unlock-the-circular-economy","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/can-the-eu-sustainable-finance-taxonomy-unlock-the-circular-economy\/","title":{"rendered":"Can the EU sustainable finance taxonomy unlock the circular economy?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/115078\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The EU sustainable finance taxonomy aspires to provide the investments necessary to make the ambitious Circular Economy Action Plan a reality, and set an example for countries to follow. But for the transformation to happen, the taxonomies need to be in line with regulatory requirements and standards, write Jack Barrie and Pratrick Schr\u00f6der.<\/p>\n<p>Dr Jack Barrie is a Research Fellow at the Chatham House Environment and Society Programme. Dr Patrick Schr\u00f6der is a Senior Research Fellow at the Chatham House Environment and Society Programme. The EU\u2019s Circular Economy Action Plan faces an enormous financing gap. Can the proposed Sustainable Finance Taxonomy be the key to unlocking such transformative finance or is it at risk of becoming another greenwashing tool?<\/p>\n<p>Transitioning to a circular economy will help the EU reduce the environmental impacts of its material consumption whilst strengthening its economic resilience in times of supply chain volatility, growing geo-political tensions and looming economic recession. There is no surprise then that the circular economy sits at the heart of the EU\u2019s recent Net Zero Industry act and CRM strategy. Yet, while billions are being invested in circular solutions by the private and public sector, trillions are invested each year into linear models, inhibiting a systemic shift of the economy.<\/p>\n<p>To help address this financing gap the EU is in the process of launching a suite of green financial regulatory measures \u2013 a key one being the EU Sustainable Finance Taxonomy. The taxonomy is a shared classification system for defining environmentally sustainable investments to achieve six different environmental objectives: climate change mitigation, climate change adaptation, the circular economy, pollution, effect on water, and biodiversity.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.eceee.org\/all-news\/news\/news-2023\/can-the-eu-sustainable-finance-taxonomy-unlock-the-circular-economy\/\">ECEEE<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/can-the-eu-sustainable-finance-taxonomy-unlock-the-circular-economy\/\">Can the EU sustainable finance taxonomy unlock the circular economy?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[10487,575,274,1035,690,4094],"class_list":["post-115078","post","type-post","status-publish","format-standard","hentry","category-news","tag-circulareconomy","tag-environmental-news-en","tag-eu","tag-finance","tag-sustainable","tag-taxonomy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/115078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=115078"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/115078\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=115078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=115078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=115078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}