The EU Taxonomy CDA: Proposed criteria fail to safeguard climate impact, instead increase emissions and Europe’s fossil gas dependency

Co-organiser: Climate Bonds Initiative

Date: 12:30-13:00 Thursday, 2 June

The Taxonomy CDA introduces several fossil gas-specific exemptions to the technology neutral emission criteria meant to safeguard the Taxonomy’s contribution to net-zero by 2050.
Research shows however that the “strict conditions” under which investment in fossil gas were justified as sustainable are not sufficiently stringent to safeguard Europe’s energy transition on the path to climate neutrality by 2050. Join our discussion on why the CDA’s reliance on promises of future action without warranty or verifiability is insufficient and how it risks locking Europe in decades of continued CO2 emissions while generating efficiency losses in the long-term use of renewables.

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Agenda:

  • Welcome by moderator – Sean Kidney, CEO Climate Bonds Initiative
  • Remarks from MEP Michal Bloss, Groups of the Greens
  • Presentation and main findings of E3G report “Align the EU’s green taxonomy with the new geopolitical reality” – Tsvetelina Kuzmanova, Policy Advisory E3G
  • “Taxonomy CDA Fossil Gas Inclusion: relies on promises in bad faith” – Jonas Helseth, Director Bellona Europa
  • Title TBD –  Elia Trippel, Policy Analyst OECD
  • Q&A session