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EU Taxonomy is a key tool to accelerate the energy transition and allow Europe to meet its climate neutrality goal by 2050 with the delegated act set to establish a classification of sustainable investments. Weakening the EU taxonomy criteria comes down to undermining the Green deal itself, Francois Paquet, impact director at Renewable Hydrogen Coalition, said April 2 in an email.
Delegated acts are technical with little opportunity for EU members states to have a real say, which explains why such a technical file has become so strategic and political, Paquet said.