The purpose of this report is to provide a comparison between the EU and Colombian Green Taxonomy to bring clarity and transparency to EU and international investors about investments that could be considered green in both the EU and Colombia. This will help reduce transaction and research costs for international and EU investors, which will facilitate cross-border financial flows between the EU and Colombia to help achieve a green and sustainable transition.
This paper has been written by the teams of the Climate Bonds Initiative and Ambire Global in the frame of the EU Climate Dialogues (EUCDs) project. It was supported by the valuable contributions and thoughtful feedback received from the teams of the Directorate-General for International Partnerships (INTPA), the European External Action Service (EEAS) and the Directorate General for Climate Action from the European Commission (EUCDs). The work would not have been possible without the unwavering support of the European Union Commission in Colombia and the generous financial support of the European Union, which has been instrumental in enabling the realisation of this important endeavour.