Climate Bonds Initiative (CBI) has published a comparison between the European Union (EU) and Colombian Green Taxonomy to bring clarity and transparency to EU and international investors. The study aims to help reduce transaction and research costs for international and EU investors, which will facilitate cross-border financial flows between the EU and Colombia to help achieve a green and sustainable transition.

The review contains a side-by-side comparison of the key taxonomy elements, their development process, and their governance mechanisms. The analysis of technical screening criteria of the economic activities is based on the matching of 49 economic activities from the Colombian Green Taxonomy with 74 economic activities covered by the EU Taxonomy. The document also covers an in-depth comparison of the Do No Significant Harm (DNSH) and Minimum Safeguard (MS) criteria.