News 2020

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 

--> on "Construction and Real Estate Activities"

--> on "Infrastructure for low carbon transport (land transport)"

--> on "Water collection, treatment and supply"