The ‘Platform on Sustainable Finance’, a stakeholder group advising the European Commission on the EU taxonomy, published its report on the four non-climate related environmental objectives of the taxonomy on Wednesday 30 March.
These are: (1) sustainable use and protection of water and marine resources; (2) transition to a circular economy; (3) prevention and control of pollution; (4) protection and restoration of biodiversity and ecosystems.
The Platform’s report aims to provide recommendations to the European Commission to help it establish, through a delegated act, criteria for the technical selection of economic activities to be included in the EU taxonomy by virtue of their contribution to one of these four objectives (without significantly harming any of the other five).
The other two objectives of the taxonomy (mitigation of climate change and adaptation to the consequences of climate change) have already been the subject of a delegated act. This was adopted on 9 December 2021 with no opposition from the Council of the EU or the European Parliament (see EUROPE 12850/13).
It is accompanied by a complementary delegated act to include fossil gas and nuclear energy in the taxonomy as transitional activities. This highly controversial complementary delegated act is currently being examined by the co-legislators (see EUROPE 12921/16).
See the report: https://aeur.eu/f/11v
See appendices: https://aeur.eu/f/11w (Original version in French by Damien Genicot)