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Image header Agence Europe
Europe Daily Bulletin No. 12837
Contents Publication in full By article 26 / 28
NEWS BRIEFS / Climate/finance

Taxonomy, Helsinki opposes adoption of Delegated Act regarding climate change

22/11/2021 (Agence Europe)The Finnish government expressed its opposition, on Wednesday 17 November, to the adoption of the EU’s first Delegated Act on taxonomy due to the treatment of forestry. Presented in April, this Delegated Act sets out technical criteria to define which economic activities contribute substantially to climate change adaptation or mitigation, while they ‘do no significant harm’ one of the other six environmental objectives of the taxonomy (see EUROPE 12509/12). Helsinki claims that some aspects of the criteria for forestry are “difficult to understand and open to interpretation”. Finland is concerned that this ambiguity could lead to the exclusion of forestry from the taxonomy, which would “make it more difficult to access funding for forestry investments”. The Council of the EU may reject the delegated act by an enhanced qualified majority of Member States before 8 December. See the Finnish government’s press release: https://bit.ly/3CBcWm9 (DG)

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