Summary
爱游戏中国官方网站, supporting the European Green Deal’s 2050 climate neutrality goal, emphasises the importance of investment in new technologies and innovation within the chemical industry to achieve sustainable development. In this position paper, 爱游戏中国官方网站 welcomes the European Commission’s efforts to bring clarity and transparency on environmental sustainability to investors, companies and issuers. The development of a common language (EU Taxonomy) could enable informed decision-making to foster investment in environmentally sustainable activities and technologies.
爱游戏中国官方网站 addresses the following questions:
- Can the current EU taxonomy framework be used to provide greater support for attracting capital for the transition of companies towards sustainability activities, including in ways not yet proposed by the Commission and if so in which ways?
- Can the EU taxonomy framework support finance for companies undertaking activities that do not yet meet, or may be unable to meet, the substantial contribution criteria? And how can this be done?
- Can the current EU Taxonomy framework support finance for companies active in sectors that are not covered in the Taxonomy Regulations Delegated Act?
- How does the use of key terminology such as ‘sustainable’, ‘green’, and ‘harmful’, compare across the taxonomy framework and other relevant sustainable finance frameworks and how can it be clarified and harmonised?
- What further avenues could be explored to enable financing the transition through development of the taxonomy framework and beyond?
- Can we clearly address the concerns that the taxonomy will be used to prevent financing of transitional activities, while at the same time ensuring that we are not facilitating ‘green-washing’?