“…The findings revealed a limited yet growing body of scientific literature addressing the EU taxonomy framework, with only nine relevant hits (for searching "EU taxonomy sustainable finance" within the title, abstract, and keywords, limiting the search to English-language articles from 2020, when the TR entered into force, and the keyword "EU taxonomy") identified, all of which were published within the last two years. Nevertheless, upon closer examination, it was observed that two studies merely touched upon the EU taxonomy as a peripheral topic rather than examining it as a primary focus [30,31]. In contrast, the remaining seven studies predominantly delved into the application and implications as well as the overall effectiveness of the EU taxonomy, including its effectiveness in redirecting capital towards sustainable investments [32,33], its impact on corporate investments [34] and the banking sector [35,36], its potential application in constructing environmental risk indicators [37], and its linkage to loan interest rates and future CO 2 prices [38].…”