Environment: Orgalim comments on the 1st draft delegated act on climate change sustainable activities supplementing the EU Taxonomy Regulation

European technology manufacturers offer innovative technology solutions that hold enormous potential to help the transition to a more competitive, resource efficient economy and climate-neutral economy by 2050 – key goals of the European Green Deal. To achieve this transition, a substantial amount of financing is needed to back up greening of different sectors of the economy. In this context, Orgalim, representing Europe’s technology industries, welcomes the European Commission’s efforts in shaping the EU taxonomy legislation to help bridge the huge investment gaps that currently exist. A first delegated act on climate change sustainable activities, which will supplement the EU Taxonomy Regulation (EU/2020/852), can further incentivise financial flows towards economic sectors and activities compliant with the climate change mitigation and adaptation objectives, provided the act is properly designed.

To ensure European technology leadership and innovation, we call upon the Commission when fine-tuning the first delegated act to consider a wide range of technologies as well as diversity of companies’ available resources, which makes a ‘one-size-fits-all’ approach truly challenging. The technical screening criteria set by the draft act should be flexible to accommodate different energy efficient and circular technology solutions and related maintenance and service activities, while rewarding innovation and competitiveness.

Download the document above to read Orgalim's specific proposals for the draft delegated act on a climate change mitigation and adaptation taxonomy.