Own goal

23 March 2021 By Sandrine Dixson-Declève

The European Union’s Taxonomy is supposed to mean stakeholders can differentiate between sustainable investments and carbon-heavy ones. A new plan to treat gas as green is a huge mistake, argues Sandrine Dixson-Declève. It turns a potential global template into a paper tiger.

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Sandrine Dixson-Declève represents Climate-KIC as a member of the European Commission’s Sustainable Finance Platform and Technical Expert Group, which recommended how the European Union’s Taxonomy should function. She is also co-president of the Club of Rome.

The EU’s Member States expert group on sustainable finance will meet on March 24 to discuss the latest Taxonomy draft Delegated Act, which is expected to be submitted to the bloc’s co-legislators in the coming weeks, each of which would have the right of veto.

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