Progress: Procedure completed - delegated act enters into force
Lead committee dossier:
Legal Basis:
RoP 114-p03, RoP 59
Legal Basis:
RoP 114-p03, RoP 59Subjects
Events
The purpose of this Delegated Regulation on Climate Taxonomy is to complement Commission Delegated Regulation (EU) 2021/2139 and Delegated Regulation (EU) 2021/2178 in order to help financial markets and investors to identify, subject to strict conditions, relevant gas and nuclear activities that are necessary for the transition of Member States' energy systems to climate neutrality.
Background
Regulation (EU) 2020/852 of the European Parliament and of the Council establishes the framework for the creation of the EU Taxonomy of environmentally sustainable economic activities. The Taxonomy Regulation provides that these economic activities should comply with the technical screening criteria set out in the delegated acts adopted by the Commission.
The Taxonomy Climate Delegated Act (Delegated Regulation (EU) 2021/2139) was adopted on 4 June 2021. On 6 July 2021, the Commission also adopted a delegated act on the information to be disclosed in relation to taxonomy (Delegated Regulation (EU) 2021/2178).
The Taxonomy Climate Delegated Act sets out technical screening criteria for economic activities having the potential to contribute to climate change mitigation and climate change adaptation in most sectors. However, not all relevant sectors and activities have been covered in that Delegated Act. Notably, it was not possible to take a decision as to the inclusion of nuclear energy in the Taxonomy Climate Delegated Act due to the need to deepen the assessment of the ‘do no significant harm’ aspects of nuclear energy, which was ongoing at the time.
As regards natural gas, the Commission announced that further reflection was needed on how to address the role of gas in the decarbonisation of the Union’s economy.
On the basis of scientific advice and the current state of developments, the Commission recognises that fossil gas and nuclear power generation activities can contribute to the decarbonisation of the EU economy.
Content
The purpose of this delegated act is to complement the Taxonomy Climate Delegated Act. It sets out the technical screening criteria for climate mitigation objectives and climate change adaptation for additional economic activities in the energy sectors, in particular the natural gas and nuclear energy sectors , which were not initially included in the Taxonomy Climate Delegated Act. These technical screening criteria are set in accordance with the requirements of Article 19 of the Taxonomy Regulation.
The amendments to Delegated Regulation (EU) 2021/2139 and Delegated Regulation (EU) 2021/2178 do not mandate any investments but are intended to help financial markets and investors to identify, subject to strict conditions, relevant gas and nuclear related activities needed for the transition of the Member States' energy systems towards climate neutrality in line with Union climate goals and commitments.
These strict conditions are: (i) for both gas and nuclear activities, that they contribute to the transition to climate neutrality; (ii) for nuclear activities, that they meet nuclear and environmental safety requirements; and (iii) for gas activities, that they contribute to the transition from coal to renewable energy sources. Other more specific conditions, set out in the complementary delegated act will also apply to all these activities.
To increase market transparency and improve investor information , this delegated act also provides for specific disclosure requirements for the natural gas and nuclear energy sectors and amends the delegated act on information to be published in relation to the taxonomy to this effect so that investors can identify which investment opportunities include gas or nuclear activities and make informed choices.
Documents
- Debate in Parliament: Debate in Parliament
- Document attached to the procedure: C(2022)4767
- Motion for a resolution objecting delegated act: B9-0338/2022
- Non-legislative basic document published: C(2022)00631
- Motion for a resolution objecting delegated act: B9-0338/2022
- Document attached to the procedure: C(2022)4767
Activities
- Malin BJÖRK
Institutional Motions (1)
- Simona BONAFÈ
Institutional Motions (1)
- Cornelia ERNST
Institutional Motions (1)
- Christophe HANSEN
Institutional Motions (1)
- Othmar KARAS
Institutional Motions (1)
- Marisa MATIAS
Institutional Motions (1)
- Dimitrios PAPADIMOULIS
Institutional Motions (1)
- Sirpa PIETIKÄINEN
Institutional Motions (1)
- Paul TANG
Institutional Motions (1)
- Róża THUN UND HOHENSTEIN
Institutional Motions (1)
- Manuel BOMPARD
Institutional Motions (1)
- Claudia GAMON
Institutional Motions (1)
- José GUSMÃO
Institutional Motions (1)
- Idoia VILLANUEVA RUIZ
Institutional Motions (1)
- Nikolaj VILLUMSEN
Institutional Motions (1)
- Mick WALLACE
Institutional Motions (1)
- Petros KOKKALIS
Institutional Motions (1)
- Silvia MODIG
Institutional Motions (1)
- Monica SEMEDO
Institutional Motions (1)
- Jessica STEGRUD
- Chris MACMANUS
Institutional Motions (1)
- Linea SØGAARD-LIDELL
Institutional Motions (1)
Votes
Objection, conformément à l’article 111, paragraphe 3: Modification de l’acte délégué relatif au volet climatique de la taxinomie et de l’acte délégué relatif aux informations à publier en lien avec la taxinomie - Objection pursuant to Rule 111(3): Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act - Einwand gemäß Artikel 111 Absatz 3 GO: Änderung des delegierten Rechtsakts zur Klimataxonomie und des delegierten Rechtsakts zur Offenlegung der Taxonomie - B9-0338/2022 - Proposition de résolution #
History
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