Category: Litigation & class actions

The EU has today proposed “a comprehensive transatlantic green agenda” in partnership with US President-elect, Joe Biden, beginning mid-2021. The proposals include “a joint trade and climate initiative, measures to avoid carbon leakage, a green technology alliance, a global regulatory framework for sustainable finance, joint leadership in the fight against deforestation, and stepping up ocean protection,” the bloc said in a statement, adding that a sustainable economy relies on “the right price signals”, which can be achieved by coordinating on carbon taxes and markets. “As major financial hubs and regulators, the EU and the US are best placed to lead this work. Transatlantic cooperation on the design of a regulatory framework for sustainable finance would greatly support the private sector to know what counts as a green investment – much in the same vein as EU taxonomy,” it said. 

BlackRock has launched a new software application that a…