| Title | The European Union (EU) green taxonomy: codifying sustainability to provide certainty to the markets |
|---|---|
| ID_Doc | 64689 |
| Authors | Tettamanzi, P; Tedeschi, RG; Murgolo, M |
| Title | The European Union (EU) green taxonomy: codifying sustainability to provide certainty to the markets |
| Year | 2023 |
| Published | |
| Abstract | This study aims at making the potential implications of the 'Green' Taxonomy implementation emerge. The EU (European Union) regulatory framework on sustainability-related issues and the regulatory action in the area of non-financial or ESG (environmental, social and governance) reporting have highlighted the need for more academic contributions. There could, indeed, be a risk of oversimplification of an issue that cannot be solved without considering its practical implications on the stakeholders affected. Hence, failing to think these through might result in tragic consequences from a societal standpoint, despite being outstanding from an environmental one. This critical analysis, thus, investigates a few crucial points pertaining to the EU 'Green' Taxonomy-as the latest classification system for environmentally sustainable economic activities proposed by the EU-with the aim of providing academics and policymakers with a balanced report between theory and practice. By means of archival data, content analysis and bibliometric techniques, and implementing the steps of the systematic literature network analysis (SLNA) protocol which were deemed pertinent for the purposes of our study, we conducted a documentary review regarding the EU Taxonomy. Based on this critical analysis, we were able to outline (a) the rationale of Regulation (EU) 2020/852, (b) its structure, (c) its ability to improve corporate environmental performance and (d) the role played by specific nuclear and gas energy activities for a climate-neutral future. Every economic choice implies a cultural choice, and economics-unlike natural sciences-is essentially based on decisions, which can be influenced. The study, thus, concludes with proposals for future research and potential improvements of EU frameworks in order to support an efficient achievement of the Green Deal objectives and the 2030 Agenda. |
Similar Articles
| ID | Score | Article |
|---|---|---|
10774
|
Stefanis, C; Stavropoulos, A; Stavropoulou, E; Tsigalou, C; Constantinidis, TC; Bezirtzoglou, E A Spotlight on Environmental Sustainability in View of the European Green Deal(2024)Sustainability, 16, 11 | |
| 63246
|
Mentes, M Sustainable development economy and the development of green economy in the European Union(2023)Energy Sustainability And Society, 13, 1 | |
| 63353
|
Neagu, FS; Balan, LL; Ignat, I; Tache, M The Green Economy in the Context of Sustainable Development. Study Case: European Union(2024)Proceedings Of The International Conference On Business Excellence, 18, 1 | |
| 21202
|
Szpilko, D; Ejdys, J European Green Deal - Research Directions. A Systematic Literature Review(2022)Ekonomia I Srodowisko-Economics And Environment, 81.0, 2 | |
| 10535
|
Pelsa, I; Balina, S Main Priorities for A Green Deal Towards A Climate- Neutral Europe(2022) | |
| 64201
|
Sulik-Górecka, A; Bialy, W; Strojek-Filus, M The Importance of EU Taxonomy for Sustainable Development Reporting. Case Study of Entities Listed on the Warsaw Stock Exchange in Poland(2024)Management Systems In Production Engineering, 32, 3 | |
| 62976
|
Popova, I Systematization and Classification of the European Union's policy Instruments for the Implementation of the Green Deal(2021)Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal, 16, 4 | |
| 63179
|
Streimikiene, D; Mikalauskas, I; Leckiene, V; Pisula, T; Mikalauskiene, A The Role Of Sustainable Finance In The Context Of The European Green Course(2024)Economics & Sociology, 17, 2 | |
| 63035
|
Ruse, A; Pubule, J The Boundaries of Scientific Innovation in the EU Green Deal Context(2022)Environmental And Climate Technologies, 26, 1 | |
| 62845
|
Siddi, M A Green Revolution? A Tentative Assessment of the European Green Deal(2021)Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal, 16, 3 |