Frequently Asked Questions: NGO Complaint Against Taxonomy Delegated Act September 2022 Q: What is the Sustainable Finance Taxonomy Regulation?

Q: How is the Taxonomy being implemented? A: The European Commission (EC) is adopting a number of Delegated Acts that implement the Taxonomy, the first of which lists the economic activities which the EC says will help to mitigate and adapt to climate change. [...] In fact, the NGOs are taking legal action because criteria set by the Delegated Act are unscientific, vague and fail to satisfy the requirements of the Taxonomy to follow conclusive scientific evidence when determining which activities are included and the criteria they need to satisfy. [...] The science clearly shows that burning trees and other forest biomass for energy, and business as usual forest management, are damaging the climate and biodiversity. [...] The criteria will not help address climate change and as written are likely to increase pollution and cause significant harm to the environment. [...] In doing so, it violates primary EU law and the intent and legal requirements of the Taxonomy adopted by the EU Parliament.