As the Commission remains committed to decarbonising the EU economy, as set out in the Competitiveness Compass, a significant contribution to close the clean investment gap is expected from private finance. The JRC has contributed to the development of a framework to monitor financial flows into sustainable investment.The framework measures both:financial instruments, such as green bonds, loans and green venture capitalreal-economy impacts, including investment in clean technologies, energy efficiency and transition plans.These insights help identify where finance is supporting the transition and where barriers remain. Text versionPie chart of green bond use of proceeds by investment category, with the largest shares in energy efficiency (17%), green construction and buildings (16%), renewable energy projects (15%), and clean transport (13%), followed by smaller allocations to climate adaptation, land use, pollution control, water management, circular economy, natural resources, and other categories. Policy backgroundPlatform on Sustainable Finance report: Monitoring capital flows to sustainable investments.ResearchJRC monitoring report: Report on a framework to monitor finance for green investment Policy brief: The financing of EU firms for green competitivenessPublications on Sustainable finance The team behind the research Serena FaticaPrincipal economist | Firm financing | Financial flowsORCiD profileGiovanna BuaSustainable finance | Systemic risk | Environmental financeGiacomo CotignanoSustainable finance | Firm financing