UBC commented on EC initiative Sustainable finance

UBC commented on the Sustainable finance – EU classification system for green investments with regard to bio-energy production.

The EU has set climate and energy targets for 2030, and aims to be climate-neutral by 2050. Sustainable finance – EU classification system for green investments initiative creates a classification system for sustainable economic activities (‘taxonomy’), and focuses on the EU’s environmental objectives on climate change mitigation and adaptation. This will create a common language that investors can use everywhere when investing in projects and economic activities that have a substantial positive impact on the climate and the environment.