RE: Billions in Fossil Fuels Found in ‘Green’ European Investment Funds
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Great topic. The aim of the European SFDR regulation is to increase transparency on how financial market participants and financial advisors take into account environmental, social and governance factors in their products and decision-making processes. I believe that this is one of those rules that will be of little use. If there is no profit, there will be no one who will follow this rule. We must be aware that some European regulations and rules have not created any well-being lately. !DIY
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Thanks for the comment!
I too think that SFDR sounds good on paper, but without real financial incentives or strict enforcement, it won’t change much.
Sadly, a lot of EU rules lately feel more symbolic than effective.
in some cases, the European regulations, in my opinion, are not even symbolic, but actually harmful. The new machinery regulation, which will regulate the design of machinery, seems to have that line. For a manufacturer to comply with all the regulations of the old machinery regulation is impossible. If a manufacturer complied with at least half, or even just half, of the regulations that it should comply with, it would certainly go out of business and no one would buy that machine. The new machinery regulation is even more stringent, so whoever thought of it has no idea about the market. Basically, every manufacturer that complies to the letter with the new machinery regulation that will come out in one or two years will automatically go out of business, which means that it will automatically go bankrupt simply in six months. probably the same thing will happen that happened with the old machinery regulation, practically no one will fully comply with it. !STRIDE