This meeting took the form of a working group where stakeholders discussed specific elements of the EU sustainable finance agenda. This meeting was dedicated to the topic of EU Taxonomy impacts on other policies. Indeed, ERCST considers the analysis of the interactions of the EU Taxonomy with other policies an important element because, among other things, these interactions will also have an impact on the overall functioning of the EU industry and financial market. ERCST considers that the EU Taxonomy Regulation will have two main types of impacts and interplays:

• First, impacts on other sustainable finance (SF) policies. Notably, ERCST intends to analyze the EU Green Bond Standard (EU GBS), the proposed Corporate Sustainability Reporting (CSRD) Directive and the Corporate Governance Initiative.
• Second, interplays with other environmental and climate policies. Notably, ERCST intends to analyze those related to carbon pricing (i.e., the EU Emissions Trading Scheme and the Energy Taxation Directive), and those shaping public (and private) finance and aid schemes such as the Recovery and Resilience Facility and Invest EU

The 2 working groups discussed these impacts.

Agenda    ERCST Slides