About: Taxonomy

Climate change 04-02-2022

Campaigners begin legal fight against EU taxonomy’s bioenergy rules

Climate campaigners have started the process of a legal challenge against the European Union over the labelling of investments in bioenergy and bio-based plastics and chemicals as green in its flagship sustainable finance rulebook.

Fridays for Future activists call for exclusion of fossil gas and nuclear energy from green label

As the battle over including fossil gas and nuclear energy as “transitional” investments towards a sustainable Europe continues, Fridays for Future activists Luisa Neubauer and Dominika Lasota spoke to EURACTIV about why they think both energy sources should be kept...

Macron’s French EU presidency presentation turns into a settling of scores

President Emmanuel Macron presented the programme of France's six-month EU Council presidency before very agitated MEPs in Strasbourg on Wednesday (19 January), but it quickly turned into a sparring match with the French opposition.

Scholz silent as progressive lawmakers weigh in on EU taxonomy debate

As the debate on whether to include nuclear power and gas in the EU's sustainable finance taxonomy continues, progressive lawmakers in Germany and the European Parliament have released a joint statement to weigh in on the debate.

LEAKED: Paper on gas and nuclear’s inclusion in EU green finance rules

A proposal to bring both nuclear power and natural gas into the bloc’s green finance taxonomy is circulating in Brussels. The paper has been branded as a “scientific disgrace” by campaigners who warned it would damage the EU's credibility on green finance.

EU lawmakers reject attempts to block green investment rules

European Parliament members on Monday (27 September) rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.

EU turns to finance to achieve ‘climate neutral continent’

Europe plans to funnel hundreds of billions of euros into sustainable investments each year through EU banks and markets to create the first "climate-neutral continent" by 2050.

Draft EU plan outlines regulatory roadmap for green finance

The European Commission is considering a wide range of measures to bring the EU's financial sector into line with its climate goals, according to a draft strategy paper to be published next Tuesday (6 July).

Brussels offers EU countries greater say on green finance taxonomy

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 27-05-2021

Biofuel makers protest against EU’s green investment taxonomy rules

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.

NGOs walk out on EU green finance group over forestry, bioenergy rules

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.

EU spells out criteria for green investment in new ‘taxonomy’ rules

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.

The Green Brief: Europe’s green finance taxonomy wars, part 3

After a failed attempt last year, the European Commission is finally presenting today (21 April) its first batch of implementing rules under the EU’s sustainable finance taxonomy, laying down detailed technical criteria for what can be labelled a “green” investment in the EU.

MEP Canfin: The French hard line on nuclear is a dead end

The hard line defended by France over the inclusion of nuclear power in the green finance taxonomy is a dead end because there is no majority in favour of it at the EU level, warns lawmaker Pascal Canfin. Instead, the French MEP argues for including nuclear energy in the 'transition' category.

LEAK: EU taxonomy draft leaves bioenergy and forestry off the hook

The European Commission has decided to leave out agriculture but kept controversial criteria for bioenergy and forestry in the first batch of proposed implementing rules due to be presented on Wednesday (21 April) as part of the EU’s green finance taxonomy, EURACTIV has learned.

LEAK: EU to table ‘climate taxonomy’, leaving gas and nuclear for later

The European Commission plans to delay a decision on whether to label nuclear and natural gas power plants as a sustainable investment under green finance rules due to be published next week, according to a leaked document seen by EURACTIV.

EU chief adviser says credibility of green finance rules at risk

The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.

LEAK: EU experts to say nuclear power qualifies for green investment label

Experts tasked with assessing whether the European Union should label nuclear power as a green investment will say that the fuel qualifies as sustainable, according to a leaked document.

EU to offer gas plants a green finance label, under certain conditions

The European Union plans to label some gas power plants as sustainable investments, after an initial proposal to deny them a green label faced a backlash from a group of 10 EU member states.
Economy & Jobs 11-03-2021

LEAK: EU considers expanding role of gas in green finance

The European Commission is reconsidering the position of gas in its sustainable finance taxonomy by recognising the fossil fuel’s role in keeping the lights on during peak electricity demand, according to a leaked document seen by EURACTIV.

Parliament spells out red lines in EU battle over green finance

Senior lawmakers have expressed concerns about the EU’s proposed sustainable finance taxonomy rule book, raising the possibility that an unruly cross-party majority might emerge to reject the proposal in the European Parliament.

EU advisors and Poland’s PGE increase pressure over gas in green finance rules

The European Commission came under new pressure on Monday (22 February) from Poland's biggest power producer, PGE, and its own advisors, over whether to include gas power in EU rules on sustainable finance.

Nuclear faces ‘a lot of uncertainty’ as EU green evaluation looms

The industry is growing increasingly nervous about European Commission plans to evaluate the safety of radioactive waste handling as an expert report is expected next month on how to classify nuclear energy under the EU’s green finance taxonomy.

How the EU taxonomy can be the tool for dynamic climate transition

The EU’s “sustainable Taxonomy” has been sometimes portrayed as a binary tool defining which economic activities are sustainable and which ones are not. In fact, it can benefit a wide cross-section of Europe’s economy, writes Nathan Fabian.