About: Taxonomy

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.

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.

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.

EU green finance advisors asked to clarify ‘transition’ to net-zero climate goal

The European Commission has asked advisors to rework the EU’s green finance taxonomy rules after member states rejected draft implementing guidelines, unhappy about the exclusion of gas as a “transition” activity towards net-zero emissions.

European Central Bank sets up climate team, considers green bonds

Climate change will be key to the review of the European Central Bank's policy, its president, Christine Lagarde, announced on Monday (25 January), marking a possible shift towards 'greener' monetary policy.
Economy & Jobs 26-01-2021

Banks ask for better data to implement EU green finance taxonomy 

The availability of good data is seen as one of the main challenges to implement the EU taxonomy on sustainable finance, according to a test conducted by banks published on Monday (25 January).

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.
Economy & Jobs 11-12-2020

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 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.

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.

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.

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.
Circular economy 30-10-2020

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.