FIEC finalised input to upcoming delegated acts for the EU Taxonomy!
Sustainable finance with the EU Taxonomy at its heart is the key to achieving a sustainable recovery after the crisis. This is particularly the case for the construction sector which is essential for making the transition to a more sustainable economy a reality. The investment gap for the sector is immense. Filling this gap by targeting sustainable construction projects, i.e. buildings and infrastructure, will bring benefits for the entire economy and will make a significant contribution to the realisation of the Green Deal’s objectives.
The sector’s key role for the transition to a green economy is undisputed and is reflected in the EU Taxonomy’s scope as proposed by the TEG. Unsurprisingly, it encompasses a wide range of construction activities which might be even extended in future.
The EU Taxonomy can become a real success story by…
• Supporting the enforcement of the EPBD by aligning eligibility with existing
and recently adopted legislation instead of imposing stricter requirements
• Making it a supportive instrument for the renovation wave considering technical feasibility and associated costs of screening criteria
• Aligning DNHS criteria with existing legislation
• Considering the entire value chain when assessing compliance with screening criteria
• Exploiting the full potential of sustainably constructed infrastructure for climate change mitigation
• Fostering maintenance of water supply networks
Check out FIEC Reaction to the Taxonomy Chapter