ECON and ENVI Members to vote jointly on Taxonomy objections

24-09-2021 - 11:45
environmental objective
environmental objective © Image used under licence from Adobe Stock

The Taxonomy Regulation is part of the EU strategy for sustainable finance and aims at redirecting capital flows to help generate sustainable and inclusive growth. Under the regulation, the Commission is obliged to define technical screening criteria for each environmental objective through delegated acts, to which the EP can object.

The Delegated Regulation, to which the objections refer to, specifies the technical screening criteria under which certain economic activities qualify as contributing substantially to climate change mitigation and climate change adaptation and for determining whether those activities cause significant harm to any of the other relevant environmental objectives.