Article in Journal
Gas and Nuclear Power as Transition Technologies – What does this Mean for Investments
Rainer Haselmann, Sebastian Steuer, Tobias H. Tröger
CESifo, Munich, 2023
EconPol Forum 24 (1), 17-22
CESifo, Munich, 2023
EconPol Forum 24 (1), 17-22
- So far, the applications of the Taxonomy are purely for transparency and disclosure purposes
- Professional investors and regulators instead rely on more advanced and context-specific metrics, such as their own ESG methodologies and cockpits
- Therefore, the controversial Taxonomy classification of gas and nuclear power will not have a major impact
- Green finance policies are no substitute for restrictive environmental regulations such as cap-and-trade schemes or outright prohibitions of certain activities
Included in
EconPol Forum 01/2023: Climate Change: Greening the Economy by Green Finance?
CESifo, Munich, 2023