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News > EDP: European Taxonomy: Green Investment Criteria Still Do Not Meet The Challenges of The Green Deal

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  • 24th March 2021 - 17:03 UTC

EDP: European Taxonomy: Green Investment Criteria Still Do Not Meet The Challenges of The Green Deal

French MEP Christophe Grudler (MoDem), Vice-Coordinator of the Renew Europe group in the Industry, Research and Energy Committee (ITRE), reacted to the second draft of the delegated act on the classification of green investments submitted by the European Commission on Saturday. The first draft had been withdrawn following almost 46,000 responses to its public consultation. A delegated act modifies an EU law to reflect developments in a particular sector or to ensure that it is implemented properly.

Christophe Grudler welcomed the readjustment of the CO2 emission threshold for hydrogen following criticism of the first draft: “This new threshold will make it possible to facilitate the development of electrolysis in countries such as France or Sweden, which benefit from an electricity mix that is already largely decarbonised and which can be used to produce low-carbon hydrogen.”

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