Europe’s just transition: the politics of change [NGW Magazine]
Mar 11, 2021 9:40:am
Summary Eastern and southern European countries are lobbying to change the sustainable finance rules so gas may support the transition. [NGW Magazine Volume 6, Issue 5]
by: Charles Ellinas
EU’s Taxonomy regulation is intended to “provide clarity and transparency on environmental sustainability to investors, financial institutions, companies and issuers thereby enabling informed decision-making in order to foster investments in environmentally sustainable activities” (Figure 1). It is the world’s first green list for sustainable investment.
Finding the right balance between what is considered to be green and what is not is critical to achieving a successful energy transition in Europe. But there is a danger that Taxonomy definitions could have a counter-productive effect on related EU policy emanating from the Green Deal (Figure 2).