Towards a framework to monitor finance for green investment

This report conducts a first stocktake of finance for green investment in Europe. It puts forward some conceptual lines to build a monitoring framework for green finance. It also proposes a dashboard of indicators to measure real economy outcomes and financial outcomes, and provides a first implementation by calculating prioritised indicators based on relevance and data availability. The report identifies data gaps with regard to climate adaptation as well as the non-climate objectives listed in the EU taxonomy regulation, while it highlights the complexity of the operationalisation of high-level definitions to implement the monitoring. Primarily data driven in its implementation, this monitoring exercise is set to evolve and improve as new data become available.