22 December 2020
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The European Commission (EC) aims to be a model for promoting sustainable development, building on its demonstrated success in being a low-carbon region among developed countries, but the EU Taxonomy could damage that ambition, writes Philippe Costes, senior adviser at World Nuclear Association.
Philippe Costes Issuing a classification system (the taxonomy ) to encourage investment in sustainable economic activities looked at first sight to be a good idea. Unfortunately, the process followed to develop this taxonomy and implement the EU Sustainable Financing Regulation appears to be compromised by political agendas and lack of scientific credibility.
Following the recommendations from the March 2020 Technical Expert Group (TEG) report, the EC has prepared a draft Delegated Act (DA) proposing screening criteria to determine the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate chang
22 December 2020
Share
The European Commission (EC) aims to be a model for promoting sustainable development, building on its demonstrated success in being a low-carbon region among developed countries, but the EU Taxonomy could damage that ambition, writes Philippe Costes, senior adviser at World Nuclear Association.
Philippe Costes Issuing a classification system (the taxonomy ) to encourage investment in sustainable economic activities looked at first sight to be a good idea. Unfortunately, the process followed to develop this taxonomy and implement the EU Sustainable Financing Regulation appears to be compromised by political agendas and lack of scientific credibility.
Following the recommendations from the March 2020 Technical Expert Group (TEG) report, the EC has prepared a draft Delegated Act (DA) proposing screening criteria to determine the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate chang