Introduction: Political and legal context. How does the delegated act on climate change mitigation and adaptation fit with the political priorities of the Commission and the EU? Legal and policy context of the delegated act β the Taxonomy Regulation. The uses of the EU Taxonomy and interactions with other initiatives. Scope and structure of the report.
Problem definition. Why should the EU act? Objectives: What is to be achieved? General and specific objectives. Operational objective. Key methodological choices. Prioritisation, selection and classification of economic activities. Approaches to set technical screening criteria. Level of ambition for technical screening criteria. Assessing the proposed approaches and technical screening criteria against the requirements of the Taxonomy regulation. Substantial contribution to climate change mitigation.
Environmental integrity. Level playing field. Usability of the criteria. Consistency with the requirements in Article 19 2 - 4 of the Taxonomy Regulation. Substantial contribution to climate change adaptation. Policy Coherence. Fair treatment of sectors, avoid distortion, and set right incentives.
Do no significant harm. How the Taxonomy will be used, monitored and evaluated. Organisation and timing. Consultation of the RSB. Evidence, sources and quality. TEG workshops with additional experts. First stakeholder dialogue on sustainable finance. Second stakeholder dialogue on sustainable finance. Feedback on inception impact assessment. Consultation on the Renewed Sustainable Finance Strategy. Feedback on the draft delegated act: November-December Prioritisation of sectors and activities for assessment.
Inclusion logic of activities in the EU Taxonomy. First category of included activities: Activities for which DNSH criteria for environmental objectives were developed under the mitigation Taxonomy.
