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Publish date: December 15, 2021
News
In a joint letter sent on the 14th of December, Bellona Europa and Deutschland together with 16 other civil society representatives, call on the European Commission to deliver on its stated dedication to a broad stakeholder consultation process on the upcoming EU Sustainable Finance Taxonomy Complementary Delegated Act. The Complementary Delegated Act, expected by the end of the year, will set out to what extent fossil gas and nuclear can be viewed as a sustainable economic activity.
The letter was sent on the 14th of December by Dutch NGO Milieudefensie, noting that:
“Market credibility and trust is key for the Sustainable Finance Taxonomy to deliver on its potential to shift capital to sustainable economic activities. Recognising this, the European Commission has, since the establishment of the Technical Expert Group (TEG) and of the EU Platform on Sustainable Finance, stated its strong dedication to broad stakeholder engagement and incorporation of the Commission’s own Expert Groups’ advice as part of this process.
The undersigned are alarmed by recent developments, signalling a shift away from this approach. The complementary climate Delegated Act expected before the end of the year, setting out the Sustainable Finance Taxonomy’s criteria for both fossil gas and nuclear, must be subjected to the same process of public engagement and consultation process as the first delegated act”
Read the full letter here.
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