Thanks for the question.
The ASEAN countries are developing a taxonomy framework with a traffic light system. The lower tier is principles-based, recognizing that some of the economies have much lower GDP per capita than others, and so it's going to be a stretch for them. Then there is a middle range, where there are some thresholds for activities that are introduced. Finally, there are some stringent thresholds at the top. That seems to be a useful context in the ASEAN setting.
The EU has set its sustainable finance taxonomy. It has put forward a proposal on transition finance; however, if that were to be put in place, it wouldn't be for several years. Nonetheless, there is quite a substantive difference between what the proposal put forward on the recognition of transition activities, and what is allowed under the existing....
Those are two examples I'd put forward.