T&E analysis of EU taxonomy criteria for shipping

The European Commission is currently finalising the criteria for shipping to be included in EU taxonomy rules, a classification system establishing which investments can be environmentally sustainable. Under the draft criteria proposed by the Commission for consultation in view of a Delegated Act, ships running entirely on fossil fuels could qualify as best in class technology, and thus eligible to green finance under future EU rules. This briefing takes a look at the implications of the new criteria for shipping companies and financial institutions.