Future-proofing the Taxonomy regulation regarding CO2 transport infrastructure

Challenge: The current Taxonomy screening criteria disqualifies the entire CO2 infrastructure even if only the smallest amount of the CO2 is aimed for utilisation.

Background

The regulation establishing a framework for Sustainable Finance was approved by the Council on 15 April and was adopted by the European Parliament on 18 June. In Article 10, this regulation refers to environmentally safe carbon capture and utilisation (CCU). The Technical Expert Group on Sustainable Finance (TEG) has also recommended that the Platform on Sustainable Finance look at how and under what conditions to include CCU technologies in different manufacturing sectors in the future.