The EU Taxonomy is a regulatory classification system under which companies may enable categorisation of economic activities in climate change mitigation and adaptation. The EU Taxonomy defines sustainable economic activities in six environmental objectives: climate change mitigation, adaptation, protection of water, ecosystems, circular economy and tackling pollution. Nuclear and Natural Gas included in EU Taxonomy with potentially problematic conditions: nuclear generators will be subject to strict safety and environmental conditions, including on waste disposal under the EU’s controversial criterion.
Reference Definition by https://ec.europa.eu: The EU taxonomy is a classification system, establishing a list of environmentally sustainable economic activities. It could play an important role helping the EU scale up sustainable investment and implement the European green deal. The EU taxonomy would provide companies, investors and policymakers with appropriate definitions for which economic activities can be considered environmentally sustainable. In this way, it should create security for investors, protect private investors from greenwashing, help companies to become more climate-friendly, mitigate market fragmentation and help shift investments where they are most needed.
Related Definitions in the Project: The HSE Management; Renewable Energy; Energy Definitions
