The European Parliament and the Member States reached a political agreement on February 25 on a new generation of low-carbon benchmarks needed to help boost investment in sustainable projects and assets. The European Parliament and Council still have to formally approve the rules.

According to the Commission, which hailed the political agreement, the deal creates two new categories of low-carbon benchmarks: a climate-transition benchmark and a specialised benchmark which brings investment portfolios in line with the Paris Agreement goal to limit the global temperature increase to 1.5˚above pre-industrial levels.

First proposed by the Commission in May 2018, the rules agreed today to support the goals of the Capital Market Union to connect finance with needs of the economy and the EU’s agenda for sustainable development.

 

Full article available: https://www.neweurope.eu/article/low-carbon-benchmarks-deal-reached-by-eu-council-and-parliament/

Διαβάστε ακόμα