Civil society's 10 priorities for the climate taxonomy

Following the release of the European Commission’s draft Delegated Act on the EU Sustainable Taxonomy, a coalition of NGOs, think-tanks, experts, scientists, shareholder associations, and sustainable investment associations wrote to the Commission to voice concerns that the draft DA has ignored or weakened the TEG’s scientific advice for several activities.

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They outline the 10 most important areas that need to be revised to produce a taxonomy that is based on scientific evidence, supports fully sustainable economic activities, accelerates the shift from unsustainable to sustainable activities, and truly reduces the risk of greenwashing. In addition to these 10 priorities, they strongly support the development of an unsustainable taxonomy, which is crucial to reliably identify risky sectors and accelerate their transition.