In response to the European Commission’s consultation on the draft delegated acts for the EU Taxonomy Regulation, EU-ASE has addressed in an open letter the Commission Vice-Presidents Frans Timmermans and Valdis Dombrovskis.

EU-ASE calls on the European Commission to ensure that the taxonomy will play a key role in aligning public and private investments to deliver economic recovery from the Covid-19 pandemic, as well as resilience and long-term sustainability.

To achieve this goal, we believe that the EU Taxonomy should be developed to exclusively promote investments which help us to address the economic, health, environmental and social consequences of climate changes, especially on the young and future generations.

Moreover, the technical screening criteria should systematically factor energy efficiency considerations in the qualification of sustainable activities. This approach should encompass a broad range of economic activities including buildings’ construction, renovation and management, all products manufacturing, and services, in particular energy services.

 

Read the full letter here

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