About: Taxonomy
Brussels postponed green finance rules after 10 EU states wielded veto
The European Commission was forced to delay publication of detailed implementing rules on the EU’s sustainable finance taxonomy because of the sheer number of comments received and a threat of blockage from eastern and southern EU member states, EURACTIV can reveal.EU faces Franco-Dutch call for rules to stop ‘greenwashing’
French and Dutch securities regulators called on Tuesday (15 December) for European Union rules to prevent "greenwashing" or inaccurate claims that investments are sustainable and climate-friendly.Commission prepares ground for ‘ambitious’ sustainable finance strategy
The European Commission will present in early 2021 an “ambitious” sustainable finance strategy to mobilise the private investment needed to meet the EU’s climate targets.EU taxonomy should be led by science to drive sustainable investment
Meeting the climate target requires rapid realignment and mobilisation of finance at a massive scale. To avoid greenwashing, the EU's sustainable finance taxonomy needs to establish screening criteria, rooted in science and linked to the metrics of climate change, writes Peter Sweatman.EU green finance rules at risk of deviating from science
Some of the draft emission thresholds contained in the EU's sustainable finance taxonomy are not aligned with climate neutrality and deviate from scientific evidence, raising concerns about political and industry pressure, write Tsvetelina Kuzmanova and Sara Dethier.EU Commission drafts world’s first ‘green list’ for sustainable investment
The European Commission on Friday (20 November) launched "the world’s first ever ‘green-list’" of sustainable economic activities for private investors by publishing draft guidelines under the EU's green finance taxonomy.The EU’s green finance taxonomy: an Orwellian mechanism
The European Commission’s sustainable finance taxonomy bears all the hallmarks of failed governance: opacity, imprecision, and subjectivity with a punitive approach albeit not assumed, writes Daniel Guéguen. In short, it’s an Orwellian mechanism, he argues.EU defines sustainable plastic manufacturing in draft green finance rules
The manufacturing of plastics can be considered a "sustainable" economic activity in Europe provided that they are “fully manufactured by mechanical recycling of plastic waste” or by chemical recycling processes if minimum emission standards are met, according to a leaked EU proposal seen by EURACTIV.Finance: becoming green while in the red
Money talks, but it also needs to listen: listen to the demand for change for a financial system that takes account of non-financial issues, from climate change to social inclusion, writes Commissioner Mairead McGuinness.LEAK: Only zero-emission cars will win EU green investment label
From January 2026, all cars sold in Europe will need to emit zero grams of CO2 per kilometre in order to be considered "sustainable" under the EU's green finance taxonomy, according to a leaked draft seen by EURACTIV.Gas denied ‘transition’ fuel status in draft EU green finance rules
Power plants fuelled by natural gas will not be classed as “sustainable” or “transition” investments in Europe unless they meet emission limits which are so low that none are currently able to comply, according to draft EU rules seen by EURACTIV.Sustainable Finance: Opportunity or threat for the manufacturing industry?
Since the publication of the Sustainable Finance Package in 2018, the European Commission has sent clear messages to investors in Europe that the financial sector must not harm the planet and its citizens, and must avoid green washing. The objectives...Green EU funding is decided, now it must be spent wisely, says energy commissioner
30% of the EU's €1.8 trillion budget and recovery plan for 2021-2027 will be made available for the green transition. That amount is no longer up for negotiation and the focus must now shift to spending it well, said Kadri Simson, the EU's energy commissioner.Commission readies implementation of sustainable finance
The European Commission will detail in the coming weeks what could be considered a ‘green’ activity, a technical definition that would help to unlock the massive investment needed to achieve the EU's climate objectives.Europe urged to align budget with green finance rules
The EU’s sustainable finance taxonomy should be systematically applied to track green investments in the bloc’s next long-term budget and coronavirus recovery fund, which together amount to €1.8 trillion over the next seven years, according to a new report launched on Wednesday (28 October).OpinionPromoted content