Green Taxonomy Standards across Jurisdictions: A systematic literature review approach
DOI:
https://doi.org/10.21834/e-bpj.v10iSI26.6789Keywords:
Green Taxonomy, Sustainable Finance, Green Investment, Systematic Literature ReviewAbstract
Since adopting the Paris Agreement in 1995, green financing and investment have broadly developed and made green taxonomy an essential foundation of a sustainable financial system. This study uses the systematic literature review approach to analyze and classify extant research on green taxonomy across jurisdictions. For the literature review, this study reviews 527 academic articles published between 2015 and 2022 from the Scopus databases and finds there are two pioneers in developing green taxonomy, they are the European Union and China, with their different approach. This study confirms that green taxonomy standards is crucial for effective interoperability among taxonomies across countries.
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