Establishment of a framework to facilitate sustainable investment - Taxonomy
On 11 March, ECON and ENVI jointly voted on the above draft report that seeks to
strengthen the future EU framework for determining environmentally sustainable
financial activities. The report includes a "brown" taxonomy to be added,
defined as "criteria for economic activities with a negative environmental
impact". The draft report also provides for the taxonomy to be based on a set of
harmonised indicators, which should include "at least the circular economy
indicators".
On 11 March, ECON and ENVI jointly voted on the above draft report that seeks to strengthen the future EU framework for determining environmentally sustainable financial activities. The report includes a "brown" taxonomy to be added, defined as "criteria for economic activities with a negative environmental impact". The draft report also provides for the taxonomy to be based on a set of harmonised indicators, which should include "at least the circular economy indicators".
These should capture the environmental impact on "CO2 and other emissions, biodiversity, production of waste, the use of energy and renewable energy, raw materials, water, and direct and indirect land use".
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