Objection to Energy Sector Taxonomy Amendments

by name voted on 06.07.2022

Summary

The European Parliament objects to new rules regarding how energy activities are labeled as 'sustainable,' citing a lack of scientific basis and improper procedures.

9 06.07.2022

Other

energy

finance

environment

public administration

legislative procedure

business and competition

Key points

The Commission failed to follow proper procedures by not conducting adequate public consultations or impact assessments.
The proposed technical criteria do not meet the legal requirements for what qualifies as an environmentally sustainable activity.
The new rules risk undermining the transparency and credibility of the EU's sustainable investment classification system.
There is a significant concern that these changes will increase administrative burdens for financial institutions and cause confusion in the markets.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

NI

The Left

Total

Speeches

93 Speeches in total

Pro

Contra

Pernille WEISS-EHLER

Pernille WEISS-EHLER

PPE

1:22 min

14. Objection pursuant to Rule 111(3): Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act (debate)

3:45 min

14. Objection pursuant to Rule 111(3): Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act (debate)

Documents (PDFs)

MOTION FOR A RESOLUTION on the Commission delegated regulation of 9 March 2022 amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities

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