My people, make we gather shine our eyes as World Federation of Exchanges (WFE) don drop beta gists about financial taxonomies wey fit help we for sustainability matter.
WFE talk say dem just announce di important guidelines for dem government wey wan set up clear policy for financial matters, and dis one dey happen for London.
Di guidelines wey dem drop na serious matter wey go help countries classify wetin be sustainable and wetin no dey sustainable. E mean say, anytime we dey talk about capital markets regulation and sustainable finance, we gatz sabi di differences.
According to dem, well-structured taxonomies go fit mobilize capital, improve transparency, and reduce di wahala wey dey comfortable greenwashing. E dey important say everybody, from investors to regulators, know di criteria and how to check di sustainability gists.
Nandini Sukumar, di CEO of WFE, talk say dem need to fit design transition taxonomies wey go work well with other policies for dem economy. E stress say, without better policies, e go hard for dem to achieve wetin dem want!
She talk say dis taxonomies fit support economic activities wey dey transition from di old way to beta sustainable way, but dem must stick to di big picture and avoid high-emission wahala.
WFE also talk say dem need to clear say taxonomies gatz dey science-based, regularly updated, and fit balance ambition with usability. Dem advise say as technology dey evolve, e go make sense to dey check and update criteria for all sectors.
One of di recommendations wey dem drop na say di policymakers must create clear national transition plans with deadlines to fit tell industries wetin dey happen. Dis go also help dem know di timeline wey dey involved and avoid any kasala later.
Even dem mention say dem gatz introduce sunset clauses wey go make sure say once technology no dey relevant again, dem no go still dey classify am as transitional.
Flexibility dey important too. WFE suggest say as dem dey review and tighten criteria, dem must still open door for new technologies to fit enter di space without wahala.
Dem no forget to talk about di need for proper supervision and verification to check wetin people dey claim. If we wan build credibility, e go require all di hands on deck to ensure say we no dey fall into greenwashing trap.
So my people, di WFE na serious organization and dem dey call on all jurisdictions make dem set up taxonomies wey go stand di test of time and fit support di long journey wey we dey enter for global capital markets transition.
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