No time to waste: Let's finalise the EU taxonomy while keeping its ambition intact

Rules postponement will hinder net zero goals

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Philippe Zaouati of Mirova
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Philippe Zaouati of Mirova

The EU taxonomy is undoubtedly one of the most important and ambitious pieces of the EU action plan on sustainable finance. It is the one that has been emulated across different countries outside the EU.

Yet, the EU struggles to finalise it, and the Delegated Act under the Taxonomy Regulation for climate change mitigation and adaptation objectives that should have been adopted in December has been postponed. Primarily this is because of the high number of responses received to the consultation, and also because additional debates such as the one on gas found no consensus between EU regulators. The EU Commission is expected to make a new proposal by the end of January.    A question of time: EU taxonomy sparks race among managers to improve ESG credentials There is no doubt that the...

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