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-regulation and the costs from unintended consequences of policy action. 8 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL © OECD 2011 underpinned by a stock-taking exercise of progress
sustainable model. However, it is important to notice that a separate legal instrument is needed to make the taxonomy usable in each sphere of application. The taxonomy is an “engine” or a “soul” of the green
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