In this episode of our podcast series Inside Impact Investing, Hans Stegeman talks to EP member Bas Eickhout about the role of politics in creating a greener Europe.
While the EU Taxonomy was meant to create a golden standard for green investments leading to a new economy, it has become a label which can be obtained if you do well, says Eickhout: "The entire meaning of the Taxonomy changed because of political compromises and lobbying into an obligation of which you don't see the added value anymore."
Still, he thinks that in a couple of years time people will start to realise that the current political compromise is not enough, that it is not delivering enough: "Then there will be a hook to improve it."
Bas Eickhout is a member of the European Parliament for the Greens/EFA and vice-chair of the Environmental Committee.
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Hans Stegeman, Chief Economist at Triodos Bank, dives into the concept of economic transformation and transformative investments. By talking to different thought leaders, he aims to find out what is needed to make our economy more sustainable and how to finance the transitions we urgently need in society.