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ARTICLE · 04 FEBRUARY 2022

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Update On Plans To Include Gas And Nuclear Energy Within EU Taxonomy Framework

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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The EU Taxonomy Regulation1 sets down the conditions which must be met in order for an economic activity to be considered "environmentally sustainable".

European UnionEnvironment
Cillian Bredin
Cillian Bredin
Aisling O'Malley
Aisling O'Malley
Alanna Hannon
Alanna Hannon
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Key Points to Note:

  • Proposal published by the European Commission paves the way for certain economic activities involving gas and nuclear energy to be classified as "environmentally sustainable" under the EU Taxonomy Framework
  • The draft legislation must now be considered by the European Parliament and the Council of Europe who have the power to block the Commission's proposals

Background

The EU Taxonomy Regulation1 sets down the conditions which must be met in order for an economic activity to be considered "environmentally sustainable". It is supplemented by a number of delegated acts which set down the specific technical screening criteria which must be satisfied in order for an economic activity to be considered environmentally sustainable and which must be based on "conclusive scientific evidence".

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