5
Jul
2022
Watch
Objection pursuant to Rule 111(3): Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act (debate)
Mr President! Ladies and gentlemen. Now is the time to make a choice that could be fatal to our climate goals: Indeed, we have the last chance to stop the Commission’s hopeless decision to include natural gas – a fossil fuel – in our green investment taxonomy. A decision that is pure greenwashing of natural gas. Honestly, this is an opportunity we must not waste! Otherwise, we risk binding ourselves to fossil energy long after we should have phased it out. Now keep in mind that the taxonomy does not determine either what to invest in or what energy countries need. Instead, it must set a gold standard for what is a green investment, and it must show private capital what you can invest in if you want to help our climate goals along the way. This must be done right, because we need huge investments if we as a society are to succeed in the green transition. And if we actually want to achieve our absolutely necessary climate goals. This is all too important for black investments to be called green. So I hope you will vote yes to our protest tomorrow.