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In addition, the EU has been developing standards to further link financial investment with environmental protection (see Action Plan for financing sustainable growth (EC, 2018)), which could pose restrictions to investments in sectors that cause impacts on water bodies (e.g. transport, energy production). Building on the 2018 Action Plan, the renewed sustainable finance strategy to be presented later in 2020 will provide a roadmap with new actions to increase private investment in sustainable projects to support the different actions set out in the European Green Deal and to manage and integrate climate and environmental risks into our financial system (EC, 2020b).

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