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.
The organisations 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.
After declaring itself a ‘climate bank’, the EU investment bank still financed new roads and airport expansions.
T&E's analysis of gaps and opportunities for the European Investment Bank’s transport lending.
The European Commission missed a big opportunity to create a cleantech bazooka.