Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment

Summary:

Regulation (EU) 2020/852 adopted by the co-legislators on 18 June 2020, concerning the establishment of a framework to facilitate sustainable investment. It amends Regulation (EU) 2019/2088. This is a text with EEA relevance.

Further information:

This Regulation establishes the criteria for determining whether an economic activity qualifies as environmentally sustainable for the purposes of establishing the degree to which an investment is environmentally sustainable. It also sets out a process involving a multi-stakeholder platform to establish a unified EU classification system (or taxonomy) based on a set of specific criteria.

The European Commission tabled this initiative on 24 May 2018, aiming to identify activities which qualify as 'sustainable', taking into account existing market practices and initiatives and drawing on the advice of a technical expert group that was set up alongside the launch of this proposal. The proposed Regulation was part of package of measures on sustainable development, following up on an Action Plan on Sustainable Finance released in March 2018 which aims to boost the role of finance in achieving a well-performing economy that delivers on environmental and social goals as well.

The proposal was put forward as part of a legislative package on sustainable finance. The European Parliament adopted its position on the draft law on 28 March 2019, followed by the Council of the European Union on 25 September. An informal agreement between the co-legislators on a compromise text was reached on 16 December. The Council formally endorsed it on 15 April 2020, followed by the European Parliament on 18 June. The Act was signed by the co-legislators on that same day and published in the Official Journal on 22 June 2020.

A number of Delegated Acts were adopted by the European Commission at a later stage to supplement this Regulation. A first one was put forward in April 2021 on on sustainable activities for climate change adaptation and mitigation objectives. A second one was tabled in July 2021, specifying the content, methodology and presentation of information to be disclosed by financial and non-financial undertakings concerning the proportion of environmentally sustainable economic activities in their business, investments or lending activities.

On 2 February 2022, the European Commission approved in principle a Complementary Climate Delegated Act including, under strict conditions, specific nuclear and gas energy activities in the list of economic activities covered by the EU taxonomy. Despite initial opposition at committee level, the European Parliament failed to object to the proposed Delegated Act on 6 July 2022.

• Primary Source

Commentary and Analysis

Transport&Environment: Challenges: Sustainable Finance: EU taxonomy https://www.transportenvironment.org/challenges/sustainable-finance/eu-taxonomy/

EPRS: At a Glance, March 2019: A framework to facilitate sustainable investment https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_ATA(2019)635596

Ashrust: Finance Regulatory Briefing, 23/06/2020: EU Taxonomy Regulation published: an update on sustainable finance developments in the EU and the UK's position post Brexit https://www.ashurst.com/en/news-and-insights/legal-updates/eu-taxonomy-regulation-published/

Loyens Loeff: News, 03/07/2020: EU Parliament adopts Taxonomy Regulation https://www.loyensloeff.com/en/en/news/news-articles/eu-parliament-adopts-taxonomy-regulation-n19608/

University of Oxford: Faculty of Law Blog, 13/07/2020: Sustainability is No Longer in the Eye of the Beholder: An Overview of the Taxonomy Regulation https://www.law.ox.ac.uk/business-law-blog/blog/2020/07/sustainability-no-longer-eye-beholder-overview-taxonomy-regulation

EPRS: Briefing, July 2020: Sustainable finance – EU taxonomy: A framework to facilitate sustainable investment https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2019)635597

BSP: Sustainable Finance Insights Series (No. 7), 03/08/2020: EU taxonomy regulation published https://www.bsp.lu/publications/newsletters-legal-alerts/sustainable-finance-insights-series-7-eu-taxonomy-regulation

White&Case: Alerts, 20/08/2020: The EU Taxonomy: the answer to the question "what is green?" https://www.whitecase.com/publications/alert/eu-taxonomy-answer-question-what-green

Times of Malta: Views, 06/09/2020: EU’s taxonomy regulation – towards a greener economic recovery https://timesofmalta.com/articles/view/eus-taxonomy-regulation-towards-a-greener-economic-recovery.816333

LinkLaters: Sustainable Futures, 22/09/2020: EU Taxonomy Regulation: what does it do and what happens next? https://sustainablefutures.linklaters.com/post/102h1rz/eu-taxonomy-regulation-what-does-it-do-and-what-happens-next

OECD: Library: Developing Sustainable Finance Definitions and Taxonomies (October 2020): The European Union sustainable finance taxonomy https://www.oecd-ilibrary.org/sites/5e092588-en/index.html?itemId=/content/component/5e092588-en

DLA Piper: Insights, 13/10/2020: The EU Taxonomy Regulation – Giving sustainable investing a good name https://www.dlapiper.com/en/us/insights/publications/2020/10/finance-and-markets-global-insight-issue-19-2020/the-eu-taxonomy-regulation/

Simmons&Simmons: Insights, 12/11/2020: EU Taxonomy Regulation disclosure – ESMA consults https://www.simmons-simmons.com/en/publications/ckhezkt0g1brw0a88pdg62iw7/eu-taxonomy-regulation-disclosure-esma-consults

Blog Droit Européen, 18/11/2020: The EU Taxonomy Regulation Sustainable finance: moving towards a forward-looking approach https://blogdroiteuropeen.com/2020/11/18/can-sustainability-related-risks-be-integrated-in-the-disclosure-obligation-under-the-eu-taxonomy-regulation-by-elia-cerrato-garcia/

Ernst&Young: Insights, 20/11/2020: EU Taxonomy Regulation https://www.ey.com/en_lu/wealth-asset-management/luxembourg-market-pulse/eu-taxonomy-regulation

EurActiv: Opinion, 20/11/2020: The EU’s green finance taxonomy: an Orwellian mechanism https://www.euractiv.com/section/energy-environment/opinion/the-eus-green-finance-taxonomy-an-orwellian-mechanism/

Reuters: Analysis, 23/11/2020: Tested by taxonomy - EU green finance rules leaky for ships, tight for houses https://www.reuters.com/article/us-europe-regulations-sustainable-analys-idUSKBN2832QU

InfluenceMap: Report, December 2020: Lobbying on the EU Taxonomy's Green Criteria https://influencemap.org/report/Lobbying-on-the-EU-Taxonomy-s-Green-Criteria-9fa94d19d713248426018f89410d2fbd

Digital Europe: Resources, 18/12/2020: The EU taxonomy: a missed opportunity to grasp the potential of the ICT sector https://www.digitaleurope.org/resources/the-eu-taxonomy-a-missed-opportunity-to-grasp-the-potential-of-the-ict-sector/

SGI Europe: Publications, 18/12/2020: Input to the EU classification system for Green Investments (Taxonomy Regulation) https://sgieurope.org/publications/input-to-the-eu-taxonomy-regulation/

Insitute for European Environmental Policy: News, 21/12/2020: IEEP’s response to the public consultation on the EU taxonomy for green investments https://ieep.eu/news/ieep-s-response-to-the-public-consultation-on-the-eu-taxonomy-for-green-investments

Oxford University: Faculty of Law Blog, 21/01/2021: The Taxonomy Regulation: More Important Than Just as an Element of the Capital Markets Union https://www.law.ox.ac.uk/business-law-blog/blog/2021/01/taxonomy-regulation-more-important-just-element-capital-markets-union

PwC: Research and Insights, 10/02/2021: The EU taxonomy and the acceleration of sustainable finance https://www.pwc.com/jp/en/knowledge/column/taxonomy-and-sustainable-finance.html

EUI: Florence School of Regulation: Policy Briefs, 16/03/2021: The importance of the EU Taxonomy: the example of electricity storage https://fsr.eui.eu/publications/?handle=1814/70475

Fitch Ratings: Fitch Wire, 21/04/2021: EU Green Taxonomy to Channel Capital to Sustainable Activities https://www.fitchratings.com/research/corporate-finance/eu-green-taxonomy-to-channel-capital-to-sustainable-activities-21-04-2021

FERN: News, 21/04/2021: The European Green Deal promises an EU of bigger and better forests: the Taxonomy Regulation makes it impossible https://www.fern.org/publications-insight/the-european-green-deal-promises-an-eu-of-bigger-and-better-forests-the-taxonomy-regulation-makes-it-impossible-2332/

Nordea: Open Insights, 21/04/2021: The final EU Taxonomy and next steps in sustainable finance https://insights.nordea.com/en/sustainability/final-eu-taxonomy/

Heinrich Böll Foundation: Analysis, 26/04/2021: The role of nuclear energy in the EU’s Sustainable Taxonomy Regulation https://eu.boell.org/en/2021/04/26/role-nuclear-energy-eus-sustainable-taxonomy-regulation

EPRS: Briefing, May 2021: Taxonomy Regulation: Approved EU Taxonomy Climate Delegated Act under Art. 10(3) and 11(3)of the Taxonomy Regulation https://www.europarl.europa.eu/thinktank/en/document/IPOL_BRI(2021)648248

S&P Global: Insights, 12/05/2021: A Short Guide to the EU’s Taxonomy Regulation https://www.spglobal.com/esg/insights/a-short-guide-to-the-eu-s-taxonomy-regulation

BusinessEurope: Potential extension of the taxonomy regulation to social aspects - a BusinessEurope position paper (21 May 2021) https://www.businesseurope.eu/sites/buseur/files/media/position_papers/social/2021-05-21_pp_potential_social_taxonomy.pdf

KPMG: Insights, 03/06/2021: Taxonomy Regulation Disclosures https://home.kpmg/ie/en/home/insights/2021/06/taxonomy-regulation-disclosures-fs.html

LinkLaters: Sustainable Futures, 06/07/2021: European Commission adopts Delegated Act on Article 8 disclosures under Taxonomy Regulation https://sustainablefutures.linklaters.com/post/102h2h8/european-commission-adopts-delegated-act-on-article-8-disclosures-under-taxonomy

Freshfields Bruckhaus Deringer, 12/08/2021: What are ‘green’ economic activities? EU pioneering the development of a common understanding https://sustainability.freshfields.com/post/102h4ts/what-are-green-economic-activities-eu-pioneering-the-development-of-a-common-u

Institute for European Environmental Policy (IEEP): News, 18/08/2021: EU Taxonomy: Call for feedback on new environmental criteria https://ieep.eu/news/eu-taxonomy-call-for-feedback-on-new-environmental-criteria

ClientEarth: Letters, 07/10/2021: Exclusion of natural gas activities from the EU Taxonomy Regulation https://www.clientearth.org/latest/documents/exclusion-of-natural-gas-activities-from-the-eu-taxonomy-regulation/

CSR Europe: Resources, 03/11/2021: The EU Taxonomy: What’s Next? https://www.csreurope.org/newsbundle-articles/the-eu-taxonomy-whats-next

WorldWide Fund for Nature (WWF), 09/12/2021: EU Taxonomy: first list adopted despite Member State lobbying on nuclear and gas https://www.wwf.eu/?5424966/EU-Taxonomy-first-list-adopted-despite-Member-State-lobbying-on-nuclear-and-gas

BEUC: Press Release, 03/01/2022: EU’s ‘green finance’ plans amount to unacceptable institutional greenwashing https://www.beuc.eu/publications/eu%E2%80%99s-%E2%80%98green-finance%E2%80%99-plans-amount-unacceptable-institutional-greenwashing/html

European Environmental Bureau (EEB): EEB position on the inclusion of nuclear energy and fossil gas as sustainable investments in the EU Taxonomy Complementary Delegated Act (19 January 2022) https://eeb.org/library/position-on-the-inclusion-of-nuclear-energy-and-fossil-gas-as-sustainable-investments-in-the-eu-taxonomy-complementary-delegated-act/

Institute for European Environmental Policy (IEEP): Blog, 20/01/2022: Nuclear and gas – not yet ready for the sustainable finance taxonomy https://ieep.eu/news/blog-nuclear-and-gas-not-yet-ready-for-the-sustainable-finance-taxonomy

CSR Europe: Resources, 21/01/2022: Nuclear and Gas Included in the EU Taxonomy https://www.csreurope.org/newsbundle-articles/nuclear-and-gas-included-in-the-eu-taxonomy

SP Global: Market Intelligence, 24/01/2022: Resist green label for natural gas, nuclear, EU taxonomy advisers say https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/resist-green-label-for-natural-gas-nuclear-eu-taxonomy-advisers-say-68541647

Social Europe, 25/01/2022: EU cash floodgates open for nuclear and gas https://socialeurope.eu/eu-cash-floodgates-open-for-nuclear-and-gas

Pinsent Masons: Out-Law Analysis, 28/01/2022: Germany's position on nuclear power and natural gas and its impact on the EU's taxonomy system https://www.pinsentmasons.com/out-law/analysis/eu-taxonomie-stellungsnahme-bundesregierung-atomkraft-erdgas

E3G: Press Release, 01/02/2022: EU Taxonomy Delegated Act: are gas and nuclear sustainable? https://www.e3g.org/news/eu-taxonomy-delegated-act-are-gas-and-nuclear-sustainable/

WorldWide Fund for Nature (WWF): News, 02/02/2022: Fake Green Taxonomy Act must be rejected by EU Parliament https://www.wwf.eu/?uNewsID=5893316

Greenpeace: Press Release, 02/02/2022: Taxonomy: inclusion of nuclear and gas is “attempted robbery” – Greenpeace https://www.greenpeace.org/eu-unit/issues/climate-energy/46036/taxonomy-nuclear-gas-attempted-robbery/

Politico, 03/02/2022: Green bust or green flush: Figuring out the impact of the EU’s new investment rules https://www.politico.eu/article/green-investment-bust-or-green-flush-european-commission/

ClientEarth: Press Release, 04/02/2022: Environmental lawyers take first step to challenge EU taxonomy in Court https://www.clientearth.org/latest/press-office/press/environmental-lawyers-take-first-step-to-challenge-eu-taxonomy-in-court/

CMS Law-Now: eAlerts, 17/02/2022: The European Commission proposes the inclusion of specific activities in gas and nuclear sector into the EU Taxonomy https://www.cms-lawnow.com/ealerts/2022/02/the-european-commission-proposes-the-inclusion-of-specific-activities-into-the-eu-taxonomy?cc_lang=en

ING Think: Article, 18/02/2022: EU’s controversial labelling of gas and nuclear energy as ‘green’ prompts backlash https://think.ing.com/articles/eu-controversial-labelling-of-gas-and-nuclear-energy-as-green-prompts-backlash

Official Monetary and Financial Institutions Forum (OMFIF): News, 21/02/2022: European Commission adds nuclear power to taxonomy https://www.omfif.org/2022/02/european-commission-adds-nuclear-power-to-taxonomy/

S&P Global: Insights, 22/02/2022: What the inclusion of gas and nuclear in the EU taxonomy could mean for investors and asset managers https://www.spglobal.com/esg/insights/what-the-inclusion-of-gas-and-nuclear-in-the-eu-taxonomy-could-mean-for-investors-and-asset-managers

Bruegel: Blog, 22/02/2022: Europe’s sustainable taxonomy is a sideshow https://www.bruegel.org/blog-post/europes-sustainable-taxonomy-sideshow

Climate Action Network (CAN Europe): G10 Letter – Withdraw the Taxonomy Complementary Delegated Act (16 March 2022) https://caneurope.org/g10-letter-withdraw-taxonomy-complementary-delegated-act/

DFGE: Blog, 30/03/2022: EU Taxonomy: European Commission declares nuclear and gas to be green https://dfge.de/eu-taxonomy-european-comission-declares-nuclear-and-gas-to-be-green/

OBC Transeuropa, 13/04/2022: The EU's energy dependence, between gas and nuclear power https://www.balcanicaucaso.org/eng/Areas/Europe/The-EU-s-energy-dependence-between-gas-and-nuclear-power-217278

E3G: Briefing Paper, May 2022: Align the EU’s green taxonomy with the new geopolitical reality https://www.e3g.org/publications/align-the-eu-s-green-taxonomy-with-the-new-geopolitical-reality/

E3G: Blog, 25/05/2022: The EU’s green taxonomy caught in geopolitical turmoil https://www.e3g.org/news/the-eu-s-green-taxonomy-caught-in-geopolitical-turmoil/

University of Cambridge: Institute for Sustainable Leadership: Blog, 09/06/2022: The European Commission’s plans to label fossil fuel projects as ‘green’ in the taxonomy might hamper the EU’s clean energy transition https://www.cisl.cam.ac.uk/news/blog/european-commissions-plans-label-fossil-fuel-projects-green-taxonomy-might-hamper-eus

Euronews: Opinion, 14/06/2022: EU Taxonomy: Why is there outrage over new green investment rules? https://www.euronews.com/green/2022/06/14/eu-taxonomy-why-is-there-outrage-over-new-green-investment-rules

World Wide Fund for Nature (WWF): News, 05/07/2022: European Parliament to pull the trigger on the inclusion of fossil gas and nuclear power in EU Taxonomy https://www.wwf.eu/?7016216/European-Parliament-to-pull-the-trigger-on-the-inclusion-of-fossil-gas-and-nuclear-power-in-EU-Taxonomy

Le Monde: Opinion, 05/07/2022: European green taxonomy: 'Including gas and nuclear would benefit Russia to the tune of several billion euros per year' https://www.lemonde.fr/en/opinion/article/2022/07/05/european-green-taxonomy-including-gas-and-nuclear-would-benefit-russia-to-the-tune-of-several-billion-euros-per-year_5989136_23.html

The European Files, 06/07/2022: Supporting the transition to renewables: the role of the taxonomy https://www.europeanfiles.eu/environment/supporting-the-transition-to-renewables-the-role-of-the-taxonomy

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News

EurActiv, 16/10/2019: Gas industry storms into EU green finance taxonomy debate https://www.euractiv.com/section/energy-environment/news/gas-industry-storms-into-eu-green-finance-taxonomy-debate/

EurActiv, 27/11/2019: Paris, Berlin divided over nuclear’s recognition as green energy https://www.euractiv.com/section/energy-environment/news/france-and-germany-divided-over-nuclears-inclusion-in-eus-green-investment-label/

The New York Times, 16/12/2019: EU Landmark Law on Sustainable Investments Back on Track After Lawmaker Approval https://www.nytimes.com/reuters/2019/12/16/business/16reuters-eu-finance-climate.html

EurActiv, 17/12/2019: EU seals deal on green finance in breakthrough for climate goals https://www.euractiv.com/section/energy-environment/news/eu-seals-deal-on-green-finance-in-breakthrough-for-climate-goals/

Reuters, 01/04/2021: Nine EU advisers threaten walkout over sustainable finance row https://www.reuters.com/article/europe-regulations-finance-idUSL4N2LT4LJ

EUObserver, 02/04/2021: Experts threaten to quit over new EU 'green finance' rules https://euobserver.com/climate/151437

EurActiv, 21/04/2021: EU spells out criteria for green investment in new ‘taxonomy’ rules https://www.euractiv.com/section/energy-environment/news/eu-spells-out-criteria-for-green-investment-in-new-taxonomy-rules/

Helsinki Times, 18/11/2021: Finnish government at odds over EU taxonomy regulation https://www.helsinkitimes.fi/finland/finland-news/politics/20386-hs-finnish-government-at-odds-over-eu-taxonomy-regulation.html

EurActiv, 10/12/2021: Gas and nuclear: Fate of EU green taxonomy ‘now in the hands of von der Leyen’ https://www.euractiv.com/section/energy/news/gas-and-nuclear-fate-of-eu-green-taxonomy-now-in-the-hands-of-von-der-leyen/

Politico, 01/01/2022: Germany hits out at Brussels plan to label nuclear and gas ‘green’ https://www.politico.eu/article/eu-nuclear-energy-gas-green-climate-technology/

The Irish Times, 04/01/2022: McGuinness insists EU move to label nuclear and gas ‘green’ based on science https://www.irishtimes.com/business/energy-and-resources/mcguinness-insists-eu-move-to-label-nuclear-and-gas-green-based-on-science-1.4768772

Times of Malta, 09/01/2022: European People’s Party ‘acknowledges role of nuclear energy as low-carbon tech' https://timesofmalta.com/articles/view/european-peoples-party-acknowledges-role-of-nuclear-energy-as-low.926452

Politico, 20/01/2022: EU enters endgame in fight over green investing rules https://www.politico.eu/article/the-eus-taxonomy-tussle/

EurActiv, 21/01/2022: Fury in Parliament as EU green taxonomy deadline expires https://www.euractiv.com/section/energy-environment/news/fury-in-parliament-as-eu-green-taxonomy-deadline-expires/

EUObserver, 21/01/2022: Lawyers threaten action over new EU gas and nuclear rules https://euobserver.com/climate/154162

Reuters, 01/02/2022: EU to propose final green investment rules for gas, nuclear energy https://www.reuters.com/business/sustainable-business/eu-propose-final-green-investment-rules-gas-nuclear-energy-2022-02-01/

The Guardian, 02/02/2022: EU includes gas and nuclear in guidebook for ‘green’ investments https://www.theguardian.com/environment/2022/feb/02/eu-guidebook-taxonomy-green-investments-gas-nuclear-included

TIME Magazine, 02/02/2022: EU Unveils Controversial Green Label for Gas and Nuclear https://time.com/6144289/eu-controversial-green-label-gas-nuclear/

Financial Review, 03/02/2022: EU pushes on with plan to label gas, nuclear as green investments https://www.afr.com/policy/energy-and-climate/eu-pushes-on-with-plan-to-label-gas-nuclear-as-green-investments-20220203-p59tda

Euronews, 04/02/2022: Campaigners begin legal fight against EU green investment rules - documents https://www.euronews.com/2022/02/04/uk-eu-regulation-finance-court

EUObserver, 13/04/2022: Nuclear and gas in EU taxonomy slammed as 'greenwashing' https://euobserver.com/war-peace-green-economy/154585

EurActiv, 14/06/2022: Cross-party alliance seeks to block nuclear and gas from EU’s green taxonomy https://www.euractiv.com/section/energy-environment/news/cross-party-alliance-seeks-to-block-nuclear-and-gas-from-eus-green-taxonomy/

Deutsche Welle, 06/07/2022: European Parliament backs listing nuclear energy, gas as 'green' https://p.dw.com/p/4DjDH

The Guardian, 06/07/2022: ‘Putin rubbing hands with glee’ after EU votes to class gas and nuclear as green https://www.theguardian.com/environment/2022/jul/06/putin-rubbing-hands-with-glee-after-eu-votes-to-class-gas-and-nuclear-as-green

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Official

European Commission: Register of delegated and implementing acts for Regulation (EU) 2020/852 https://webgate.ec.europa.eu/regdel/#/legislativeActs/534

EUR-LEX: COM(2018)353: Proposal for a Regulation on the establishment of a framework to facilitate sustainable investment https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2018:353:FIN

EUR-LEX: SWD(2018)264: Staff Working Document accompanying the Proposal - Impact assessment https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2018:264:FIN

EUR-LEX: SWD(2018)265: Staff Working Document accompanying the Proposal - Executive summary of the impact assessment https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:265:FIN

European Parliament: Legislative Observatory: Procedure File for Proposal on Framework to facilitate sustainable investment (2018/0178(COD)) https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?reference=2018/0178(COD)

European Parliament: Legislative Train Schedule: Establishment of a Framework to facilitate sustainable investment https://www.europarl.europa.eu/legislative-train/theme-deeper-and-fairer-internal-market-with-a-strengthened-industrial-base-financial-services/file-sustainable-finance-establishment-of-a-framework

European Commission: Sustainable Finance: EU taxonomy for sustainable activities https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance/eu-taxonomy-sustainable-activities_en

European Commission: Press Release, 24/05/2018: Sustainable finance: Making the financial sector a powerful actor in fighting climate change https://ec.europa.eu/commission/presscorner/detail/en/IP_18_3729

European Commission: Fact Sheet, 24/05/2018: Frequently asked questions: Commission proposals on financing sustainable growth https://ec.europa.eu/commission/presscorner/detail/en/MEMO_18_3730

Finnish Council Presidency: Sustainable finance: classification system for sustainability of investments https://eu2019.fi/en/backgrounders/sustainable-finance

Council of the European Union: Council position on the taxonomy of sustainable activities, September 2019 https://data.consilium.europa.eu/doc/document/ST-12360-2019-INIT/en/pdf

Council of the European Union: Press Release, 25/09/2019: Sustainable finance: Council agrees position on a unified EU classification system https://www.consilium.europa.eu/en/press/press-releases/2019/09/25/sustainable-finance-council-agrees-position-on-a-unified-eu-classification-system/

European Parliament: Press Release, 17/12/2019: Climate change: new rules agreed to determine which investments are green https://www.europarl.europa.eu/news/en/press-room/20191217IPR69202/

European Commission: Questions and Answers, 18/12/2019: Political agreement on an EU-wide classification system for sustainable investments (Taxonomy) https://ec.europa.eu/commission/presscorner/detail/en/qanda_19_6804

Council of the European Union: Press Release, 18/12/2019: Sustainable finance: EU reaches political agreement on a unified EU classification system https://www.consilium.europa.eu/en/press/press-releases/2019/12/18/sustainable-finance-eu-reaches-political-agreement-on-a-unified-eu-classification-system/

European Commission: Press Release, 18/12/2019: Sustainable finance: Commission welcomes deal on an EU-wide classification system for sustainable investments (Taxonomy) https://ec.europa.eu/commission/presscorner/detail/en/ip_19_6793

Council of the European Union: Press Release, 15/04/2020: Sustainable finance: Council adopts a unified EU classification system https://www.consilium.europa.eu/en/press/press-releases/2020/04/15/sustainable-finance-council-adopts-a-unified-eu-classification-system/

European Commission: Press Release, 18/06/2020: Sustainable Finance: Commission welcomes the adoption by the European Parliament of the Taxonomy Regulation https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1112

European Parliament: Press Release, 18/06/2020: Green finance: Parliament adopts criteria for sustainable investments https://www.europarl.europa.eu/news/en/press-room/20200615IPR81229/

UK House of Commons: European Scrutiny Select Committee: 14th Report 2019-2021: 5Green finance: the EU’s Sustainable Investment Taxonomy (update) https://publications.parliament.uk/pa/cm5801/cmselect/cmeuleg/229-x/22907.htm

Norwegian Government: Taxonomy – Norway’s response to the consultation on the draft delegated regulation (17 December 2020) https://www.regjeringen.no/contentassets/ffd845da24fd4dfbb0806af5dd5ef2d4/taxonomy_norways_comments.pdf

European Commission: Press Release, 21/04/2021: Sustainable Finance and EU Taxonomy: Commission takes further steps to channel money towards sustainable activities https://ec.europa.eu/commission/presscorner/detail/en/ip_21_1804

European Commission: Questions and Answers: Taxonomy Climate Delegated Act and Amendments to Delegated Acts on fiduciary duties, investment and insurance advice (21 April 2021) https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_1805

European Commission: Press Release, 06/07/2021: Commission puts forward new strategy to make the EU's financial system more sustainable and proposes new European Green Bond Standard https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3405

Finnish Government: Press Release, 17/11/2021: Government opposes adopting proposed delegated act on climate under EU Taxonomy Regulation https://valtioneuvosto.fi/en/-//10616/government-opposes-adopting-proposed-delegated-act-on-climate-under-eu-taxonomy-regulation

Greens/EFA EP Group: Press Release, 01/01/2022: Investment in gas and nuclear power contradicts green deal https://www.greens-efa.eu/en/article/press/investment-in-gas-and-nuclear-power-contradicts-green-deal

European Commission: Press Release, 02/02/2022: EU Taxonomy: Commission presents Complementary Climate Delegated Act to accelerate decarbonisation https://ec.europa.eu/commission/presscorner/detail/en/ip_22_711

European Commission: Questions and Answers on the EU Taxonomy Complementary Climate Delegated Act covering certain nuclear and gas activities (2 February 2022) https://ec.europa.eu/commission/presscorner/detail/en/QANDA_22_712

European Parliament: Legislative Observatory: Procedure File for Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act (2022/2594(DEA)) https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?reference=2022/2594(DEA)

EPP EP Group: Newsroom, 02/02/2022: Involve the European Parliament when deciding on gas and nuclear energy https://www.eppgroup.eu/newsroom/news/involve-parliament-when-deciding-on-gas-and-nuclear-energy

European Parliament: Press Release, 14/06/2022: Taxonomy: MEPs object to Commission’s plan to include gas and nuclear activities https://www.europarl.europa.eu/news/en/press-room/20220613IPR32812/

S&D EP Group: Newsroom, 14/06/2022: S&Ds: We voted down the Taxonomy Delegated Act. Gas and nuclear cannot be labelled either green or sustainable https://www.socialistsanddemocrats.eu/newsroom/sds-we-voted-down-taxonomy-delegated-act-gas-and-nuclear-cannot-be-labelled-either-green

European Parliament: Press Release, 06/07/2022: Taxonomy: MEPs do not object to inclusion of gas and nuclear activities https://www.europarl.europa.eu/news/en/press-room/20220701IPR34365/

European Commission: Press Release, 06/07/2022: EU Taxonomy: Commission welcomes the result of today's vote by the European Parliament on the Complementary Delegated Act https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4349

Greens/EFA EP Group: Press Release, 06/07/2022: European Parliament fails to vote down the taxonomy https://www.greens-efa.eu/en/article/press/eu-parliament-fails-to-vote-down-the-taxonomy

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ESO Records

Technical Report on Financing a Sustainable European Economy - EU Taxonomy (European Commission, March 2020) https://www.europeansources.info/record/technical-report-on-financing-a-sustainable-european-economy/

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