28/04/2020 (Agence Europe) – The European Commission’s Technical Expert Group on Sustainable Finance (TEG), called on Monday 27 April, for the “right tools” to be used to revive the European economy after the Covid-19 crisis. The Sustainable Taxonomy (see EUROPE 12468/30), the EU Green Bonds Standard, and the Paris-Aligned and Climate Transition Benchmarks (see EUROPE 12202/12) can guide public and private sector plans for recovery, according to the TEG. “The Taxonomy is particularly relevant for new investments, that are needed to transition our economy (...) to build climate resilience, optimise supply chains towards sustainability and to stimulate jobs”, it said in a statement. The TEG, whose mandate has been extended until September, says it is ready to work with the European Commission on the issue of economic recovery. See the statement: https://bit.ly/2ySNgqg (MF)