TY  - UNPD
A1  - Brühl, Volker
T1  - Green financial products in the EU - a critical review of the status quo
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 677
N2  - The financial sector plays an important role in financing the green transformation of the European economy. A critical assessment of the current regulatory framework for sustainable finance in Europe leads to ambiguous results. Although the level of transparency on ESG aspects of financial products has been significantly improved, it is questionable whether the complex, mainly disclosure-oriented architecture is sufficient to mobilise more private capital into sustainable investments. It should be discussed whether a minimum Taxonomy ratio or Green Asset Ratio has to be fulfilled to market a financial product as “green”. Furthermore, because of the high complexity of the regulation, it could be helpful for the understanding of private investors to establish a simplified green rating, based on the Taxonomy ratio, to facilitate the selection of green financial products.
T3  - CFS working paper series - 677 
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63412
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-634124
UR  - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4065919
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -