Keyword: net zero

Europe

Europe’s Environmental Taxonomy

This European survey examines (a) The EU's taxonomy for sustainable activities - a classification system that defines criteria for economic activities that are aligned with a net zero trajectory by 2050 and the broader environmental goals other than climate - is an effective way to steer greener investment and the energy transition by firms and financial institutions. Details on the taxonomy are here: https://finance.ec.europa.eu/sustainable-finance/tools-and-standards/eu-taxonomy-sustainable-activities_en; (b) Use of the EU taxonomy for sustainable activities is likely to stifle important innovations, including in green technology; (c) On balance, use of the taxonomy in EU directives and regulation is likely to be net beneficial to European citizens.