Mapping International and Domestic Taxonomies

The report examines several classification systems used to identify sustainable investments, including the Climate Bonds Taxonomy, the EU Taxonomy, the Colombian Green Taxonomy, and the Mexican Sustainable Taxonomy, as well as domestic Brazilian initiatives from FEBRABAN and BNDES. It provides detailed breakdowns of the technical screening criteria, eligibility requirements, and mitigation and adaptation goals for agricultural and forestry activities across these frameworks. The analysis highlights the transition from general environmental objectives to specific, measurable metrics such as GHG emission reductions and carbon stock increases, while noting the varying degrees of regulatory force—ranging from mandatory EU regulations to voluntary guides in Mexico and Colombia.

• The EU Taxonomy requires economic activities to make a 'substantial contribution' to one of six environmental objectives while ensuring they 'do not significantly harm (DNSH)' the others and meet minimum safeguards.
• The Colombian Green Taxonomy (TVC) is the first sustainable finance taxonomy in South America and employs a non-binary approach for land use, utilizing three levels of sequential intervention: 'basic, intermediate and advanced or transformative'.
• The Mexican Sustainable Taxonomy is currently in an 'experimental phase' and is voluntary, incorporating both environmental/climate objectives and social objectives such as 'Contribution to gender equality'.
• For the forestry sector, the EU Taxonomy requires a 'Climate benefit analysis' demonstrating that GHG emissions are lower than a reference value over 30 years, following IPCC guidelines.
• The FEBRABAN Green Taxonomy classifies financial flows at the level of economic activity using the CNAE subclass, which the report notes limits the ability to differentiate environmental impacts within the same subclass.
• The Mexican taxonomy's mitigation criteria for crops and cattle focus on the reduction of 'CO2 equivalent emissions (gCO2e) and carbon capture and storage', while forestry focuses on the 'increase in forest carbon stocks'.

APA

Climate Policy Initiative (2024). Mapping International and Domestic Taxonomies. https://www.climatepolicyinitiative.org/mapping-international-and-domestic-taxonomies/

Chicago

Climate Policy Initiative. Mapping International and Domestic Taxonomies. 2024. https://www.climatepolicyinitiative.org/mapping-international-and-domestic-taxonomies/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Mapping International and Domestic Taxonomies |date=11 April 2024 |url=https://www.climatepolicyinitiative.org/mapping-international-and-domestic-taxonomies/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2024mapping, author = {{Climate Policy Initiative}}, title = {{Mapping International and Domestic Taxonomies}}, institution = {Climate Policy Initiative}, year = {2024}, month = apr, url = {https://www.climatepolicyinitiative.org/mapping-international-and-domestic-taxonomies/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }