The European Commission has offered EU member states a greater role in deciding which technologies can be considered a sustainable investment in Europe after narrowly escaping a humiliating defeat last year over draft labelling rules for gas under its green finance taxonomy.
Biofuels made from food-and-feed crops do not meet the EU’s green taxonomy criteria, according to a European Commission proposal, a move biofuel makers said will hamstring Europe's ability to meet green transport goals.
The WWF and several other NGOs have decided to suspend their participation in the European Commission’s Sustainable Finance Platform in protest against what they see as weak and “unscientific” criteria for bioenergy and forestry in the EU’s green finance taxonomy.
The European Commission on Wednesday (21 April) unveiled a first batch of implementing rules under the EU’s sustainable finance taxonomy, spelling out detailed technical criteria that companies need to comply with in order to win a green investment label in Europe.
EU lawmakers from the Greens/European Free Alliance group have called on the European Commission in an open letter to "ensure that the digital transition promotes and does not hamper the green transition", just before the Commission was due to present part of its green taxonomy proposal.