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Developing a National Green Taxonomy : A World Bank Guide (English)

In recent decades, the challenges of a rapidly warming planet and other aspects of environmental degradation have motivated a call for all actors in society, including the financial sector, to take responsibility for environmental sustainability. The funding will have to come from both the public and private sectors, leveraging all asset classes, including bank credits, bonds, and secured assets, and involving a wide range of actors, including international financial institutions, central banks and financial regulators, banks, and institutional investors. This World Bank guide addresses the need among financial market participants for clarity and transparency in what is understood and what qualifies as green. Applying its experience in shaping the debate on sustainable finance and its understanding of the very diverse national contexts of emerging economies, the World Bank Group recommends the principles and methodology for developing a taxonomy of environmentally sustainable activities. A well-defined and structured taxonomy can support better-informed and more efficient decision making and response to investment opportunities that contribute to achieving national environmental objectives.

Details

  • Author

    Hussain,Farah Imrana, Tlaiye,Laura E., Jordan Arce,Rolando Marcelo

  • Document Date

    2020/06/01

  • Document Type

    Report

  • Report Number

    150118

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Malaysia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2020/06/29

  • Disclosure Status

    Disclosed

  • Doc Name

    Developing a National Green Taxonomy : A World Bank Guide

  • Keywords

    International Centre for Settlement of Investment Disputes; Leadership in Energy and Environmental Design; Building Research Establishment Environmental Assessment Method; Equitable Growth, Finance & Institutions; small and medium enterprise; social risk management; Air Quality Management; national sustainable development strategy; Fragility, Conflict, and Violence; conference of the parties; Financial Advisory & Banking; multilateral investment guarantee agency; Environmental and Social Impact; Environmental and Social Safeguard; climate change mitigation; environmental objective; multilateral development bank; Green Finance; Green Bond; sustainable finance; islamic development bank; reduction in emission; sustainable development agenda; categories of investments; capital market participant; green financial product; climate change adaptation; sustainable land use; financial market participant; Solid Waste Management; social and environmental; clarity and transparency; national environmental goals; national environmental policy; national climate change; financial service provider; positive spillover effect; low carbon economy; risk management strategy; environmentally sustainable growth; marine renewable energy; natural resource conservation; ozone-depleting substance; air pollution prevention; change in technology; risk management product; private sector solution; water use efficiency; Financial Stability; international financial institution; Finance for Development; local environmental quality; growth and development; financial regulatory authority; international labour organization; civil society institution; land use practice; air quality objective; international good practice; unit of production; Type of Investment; sustainable water use; bureau of statistic; reduction in carbon; urban air pollution; Sustainable Banking Network; Sustainable Economic Development; flow of capital; global environmental conventions; public sector budget; lack of finance; technical expert; green investment; Financial Sector; climate finance; green product

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Citation

Hussain,Farah Imrana Tlaiye,Laura E. Jordan Arce,Rolando Marcelo

Developing a National Green Taxonomy : A World Bank Guide (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/953011593410423487/Developing-a-National-Green-Taxonomy-A-World-Bank-Guide