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EU Sustainable Finance in External Action
EU Sustainable Finance Agenda and Buildings: Briefings on EU Taxonomy and EU Sustainable Finance Initiative
2021-07-12
Region of Activities: Africa
Type: Report
Origin: Programme for Energy Efficiency in Buildings

The EU’s initiatives on Sustainable Finance will have an impact on the buildings sector. PEEB is closely monitoring the ongoing EU sustainable finance agenda and published two publications to support actors in the buildings sector in understanding their impact on buildings: a briefing on the EU taxonomy and a background paper on the opportunities for EU sustainable finance in external action.

The EU taxonomy briefing explains this initiative and its impact on the building sector. As a classification system for economic activities that can be considered environmentally sustainable, the EU taxonomy can have a profound impact on financing decisions. Following the enacting of this regulation through the EU and its member states, only investments that comply with technical screening criteria can be communicated as “sustainable”.

The background paper on EU Sustainable Finance in external action analyses the EU’s important role in global financial flows and the EU’s recent sustainable finance initiatives, and the potential to influence the massive sustainable finance challenge for buildings. It finds that the EU is in an excellent position to promote investment projects and national investment frameworks for sustainable and Paris aligned activities in partner countries and gives recommendations to enhance this.