Currently, they are produced on a sectoral level based on firm-level surveys on input structure and carbon emissions. 16 Von Kalckreuth (2022a) studies this process and shows how it can converge. Market learning is simulated based on data for Germany.
Companies should be required to report on how sustainability issues affect their business, and on their impact on the environment and society. Another example is the Common Ground Taxonomy. It compares the green taxonomies of the EU (European Union) and China and identifies commonalities. Harmonised standards and frameworks are key for more transparency.