Motion for a resolution - B9-0477/2021Motion for a resolution
B9-0477/2021

MOTION FOR A RESOLUTION on the Commission delegated regulation of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives

30.9.2021 - (C(2021)2800 – 2021/2753(DEA))

pursuant to Rule 111(3) of the Rules of Procedure

Bogdan Rzońca, Alexandr Vondra
on behalf of the ECR Group

Procedure : 2021/2753(DEA)
Document stages in plenary
Document selected :  
B9-0477/2021
Texts tabled :
B9-0477/2021
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Texts adopted :

B9‑0477/2021

European Parliament resolution on the Commission delegated regulation of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives

(C(2021)2800 – 2021/2753(DEA))

The European Parliament,

 having regard to the Commission delegated regulation of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives (C(2021)2800),

 having regard to Article 290 of the Treaty on the Functioning of the European Union,

 having regard to Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088[1], and in particular Articles 10(3), 11(3) and 23(6) thereof,

 having regard to Rule 111(3) of its Rules of Procedure,

A. whereas Articles 10 and 11 of Regulation (EU) 2020/852 state that one single delegated act shall be adopted by the Commission by 31 December 2020;

B. whereas the European Green Deal is aimed at transforming the Union into a modern, resource-efficient economy, without sacrificing its competitiveness and industrial base;

C. whereas the taxonomy established under Regulation (EU) 2020/852 was envisaged as a voluntary, robust, science-based and transparency tool, providing clarity and supporting the private investment market;

D. whereas the Commission published its communication of 21 April 2021 entitled ‘EU Taxonomy, Corporate Sustainability Reporting, Sustainability Preferences and Fiduciary Duties: Directing finance towards the European Green Deal’[2];

E. whereas the European Council published its conclusions of 11 December 2020 addressing the issue of green transformation;

F. whereas regulatory predictability is key to ensuring the stable flow of financial resources towards environment friendly investments; whereas, despite its original purpose and design, the taxonomy and its criteria are being increasingly used in other policy areas, beyond those that were initially envisaged by the legislators, including public finance or such as provided for in Regulation (EU) 2021/241 of the European Parliament and of the Council[3];

G. whereas the proposed criteria foster a one-size-fits-all approach which may not leave adequate space for the diversity of efficient national decarbonisation pathways or avoid adversely impacting the well-being of citizens and competitiveness of businesses;

H. whereas the binary nature of the criteria risks resulting in an oversimplified good/bad perception of activities which undermines the key purpose of facilitating funding for transformation of the real economy;

I. whereas several criteria are specified to set more demanding criteria, beyond existing Union law, such as Directives 2000/60/EC[4] and (EU) 2018/2001[5] of the European Parliament and of the Council, especially the sustainability criteria in Article 29 of Directive (EU) 2018/2001, in order for the economic activity to be classified as taxonomy-aligned; whereas the legal basis for setting and upholding such criteria is not supported in Regulation (EU) 2020/852;

J. whereas the principle of technological neutrality lies at the core of robust Union policy, that allows for deployment and reliance on many technical alternatives, driven by market-based incentives;

K. whereas Article 10(2) of Regulation (EU) 2020/852 provides that for the purpose of establishing criteria the Commission shall assess the potential contribution and feasibility of all relevant existing technologies, thus recognising and acknowledging all possible options and alternatives;

L. whereas the Commission announced its intention to complete the Commission delegated regulation by making further amendments, which could be introduced only once the scrutiny period for the Commission delegated regulation has elapsed, thus potentially depriving Parliament of opportunity to exercise its right to scrutiny on a holistic basis, for instance by assessing the impact on the citizens and businesses of the final form of the intended measures;

M. whereas Parliament is the only directly elected body and must communicate the concerns of Union citizens, especially those severely exposed to potential negative side-effects of the Union’s climate policy;

1. Objects to the Commission delegated regulation;

2. Instructs its President to forward this resolution to the Commission and to notify it that the delegated regulation cannot enter into force;

3. Reaffirms its commitment to protect citizens’ interests, thus support a climate-friendly transformation founded on an evidence-based policy, that provides opportunities for growth and is achievable in every European region;

4. Believes that the Commission has not adequately considered the long-term effects of the Commission delegated regulation, in particular the wider implications of the approach set out in that delegated regulation on the Union economy, including the risk of energy poverty amongst Union citizens;

5. Considers that the Commission delegated regulation fails to respect the principle of technological neutrality, as referred to in Article 19(1), point (a), of Regulation (EU) 2020/852;

6. Calls on the Commission to refrain from establishing criteria that exclude specific sectors from access to the capital needed for their sustainable transition, for which increased public and private investments in innovative technologies and business models are necessary, so that financial market actors are not hindered from providing capital to sectors affected by taxonomy;

7. Calls on the Commission to submit a single new delegated act which takes account of the abovementioned recommendations;

8. Requests that the Commission include the criteria missing in the Commission delegated regulation in its new version;

9. Calls on the Commission to ensure that taxonomy remains a positive, voluntary tool for financial market actors rather than be a negative instrument that would exclude certain sectors from accessing the capital necessary for the transition towards a climate-neutral economy;

10. Instructs its President to forward this resolution to the Council and to the governments and parliaments of the Member States.

 

Last updated: 30 September 2021
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