Work

Taxonomy-aligned Constructions Vs Local Energy Efficiency Standards in Sustainable Financing

Year: 2024

Type: article

Abstract: This paper presents the changes in the behaviour of banks related to sustainable financing in the real estate sector. The new market rules will trigger financial and administrative impact on the actors in the real estate market. Yet, they will also assist the decarbonization of the European building stock which corresponds to European Union aim to be climate-neutral by 2050. The analysis provides answers to the question why the actors in the real estate sector shall have an in-depth understanding of the (EU) Taxonomy legislation (the Sustainable Finance Framework) and be prepared to provide reliable data related to their real estate investment by reporting on Environmental, Social, and corporate Governance (ESG). The article offers an insight into the EU Taxonomy test in the real estate sector and practical guidelines on the relevant applicable legislation.

Source: Facta Universitatis Series Law and Politics

DOI: 10.22190/fulp240701017m

Authors: Savina Mihaylova-Goleminova, Yuliya Haralampieva Jarova

Institutions: Sofia University "St. Kliment Ohridski", Union Bank of India

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Sustainable cities and communities, Climate action

Open Access status: diamond

OpenAlex ID: W4406809534

FWCI:

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