Council: first part of the Taxonomy approved

Council: first part of the Taxonomy approved

Council: first part of the Taxonomy approved 2560 1614 ECIIA

The EU passed the first part of its taxonomy rulebook, setting out environmental criteria for investments including renewable energy, shipping, and car manufacturing that will apply as of January 2022. But no decision has been taken yet on the most politically sensitive part of the taxonomy, dealing with gas and nuclear investments.

Pascal Canfin, the chair of the Parliament’s environment committee, has suggested a compromise proposal whereby gas and nuclear power would be included in the taxonomy’s “transitional” category.

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