EU Commission drafts world’s first ‘green list’ for sustainable investment
26 November 2020 | Mitigation
The European Commission on Friday (20 November) launched “the world’s first ever ‘green-list’” of sustainable economic activities for private investors by publishing draft guidelines under the EU’s green finance taxonomy.
The guidelines are aimed at steering private investors towards environmentally sustainable companies, by laying down detailed emissions thresholds defining which economic activity can be considered “sustainable”.
The European Commission hopes this clarity will prevent greenwashing by providing investors with clear guidance about what is green and what is not.
“The EU’s Taxonomy Regulation is a key piece of legislation that is central to the European Green Deal. It will be instrumental in channelling investment to green and sustainable projects,” said Mairead McGuinness, the EU commissioner for financial services.
The two texts are now available on the Commission’s website and are open for a public consultation until 1 January 2020. It follows the EU’s Taxonomy Regulation, which came into force on 12 July this year.
The two texts published on Friday cover economic activities such as agriculture, forestry, manufacturing, plastics, energy, water supply, waste management, transport, construction, energy efficiency, communication and research activities.