EU Taxonomy for Identifying ‘Sustainable Economic Activities’

The EU taxonomy is a classification system that establishes a list of six "environmentally sustainable economic activities".  It defines which economic activities are deemed to be environmentally sustainable to help the EU scale up the needed "sustainable investment" to become "climate neutral" by 2050.  Unclear definitions, emission thresholds and areas of application have delayed its full implementation.  The Commission is now assessing and deciding on the inclusion of nuclear energy and fossil fuels in the EU taxonomy of environmentally sustainable activities.  The EU taxonomy is being amended to also include environmentally harmful sources of energy.