The EU is about to announce the ‘green’ investment classification conditions in Europe

The EU’s ‘Sustainable Financial Classification’ is a long list of economic activities and regulations that industries must meet in order to be labeled as a sustainable investment in the EU from 2022.

Flag of the European Union at headquarters in Belgium. Photo: Reuters Reuters recently released a document showing that the European Union (EU) will introduce a series of conditions that force the transport, industry and construction industries to meet in order to be classified into the category. Sustainable investments in Europe. Besides, the EU has yet to decide whether to label gas and nuclear power as a “green” label. According to the document, the EU’s “sustainable financial classification” is a long list of economic activities and regulations that industries must meet in order to be labeled as a sustainable investment in the EU from 2022. This landmark regulation aims to make “green” activities more attractive to investors, while at the same time ensuring that a sustainable investment label is only granted to economic activities that comply. meeting the EU’s targets on reducing greenhouse gas emissions. Natural gas is not mentioned in the draft regulations. European nations are divided over whether gas-fired power plants should be considered “green”, and the European Commission (EC) plans to tackle the fuel issue, along with electricity. kernel, in a separate proposal later this year or not. Draft regulations on “green labeling” include detailed definitions of what is considered sustainable investment in different sectors including transportation, energy generation from sources such as wind. and hydroelectricity, building rehabilitation and manufacturing of cement, steel and batteries. For example, emissions at cement plants must be below 0.72 tons CO2 equivalent to each ton of gray cement produced. Meanwhile, car production from now until the end of 2025 will be considered a sustainable investment if these vehicles emit less than 50g of CO2 per km. After 2025, only the production of zero-emission cars will be green-labeled./.