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Lawmakers criticise green taxonomy investment rules for aviation, maritime

(EurActiv, 12 May 2023) Green MEPs have asked the European Commission to revise the EU’s criteria for sustainable investments, saying rules pertaining to the aviation and maritime sectors are not in line with the EU’s environmental objectives.

In a letter sent to the European Commission earlier this month, the parliamentarians criticised the criteria attached to the taxonomy regulation, an EU law designed to guide investment towards environmentally sustainable sectors.

The EU taxonomy provides public and private investors with a list of approved green investment areas, in a bid to boost financing for green projects and protect investors from greenwashing.

The European Commission has developed technical screening criteria for numerous sectors, which will be used to assess their sustainability.

The letter was signed by seven lawmakers from the Green faction in the European Parliament – Bas Eickhout, Ciarán Cuffe, Ernest Urtasun, Ville Niinistö, Martin Häusling, Marie Toussaint, and Michael Bloss.

The signatories want to see the draft criteria, which were shared in April with the European Parliament, brought “in line with the spirit and letter” of the EU’s sustainable taxonomy regulation.

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EurActiv, 12 May 2023: Lawmakers criticise green taxonomy investment rules for aviation, maritime

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