IIGCC member webinar: Potential EU ‘brown’ taxonomy and other future taxonomy related developments
This member presentation for IIGCC’s webinar on on the topic of a potential EU ‘brown’ taxonomy and other future taxonomy related developments was presented on 14 October 2020.
The webinar took place in light of the Commission’s proposals for further taxonomy development, upcoming EU Renewed Sustainable Finance Strategy and related discussions within IIGCC’s Paris Aligned Investment Initiative. The event provided opportunity to go into detail on the current status and next steps for the EU sustainable taxonomy, setting out IIGCC’s initial suggested recommendations for a potential new ‘brown’ taxonomy. The session will include a presentation from Brussels-based agency FleishmanHillard and a perspective from Helena Viñes Fiestas, BNP Paribas Asset Management, as well as plenty of time for the exchange of members’ perspectives
The webinar follows the European Commission’s announcement of a public consultation on the potential CBAM. The CBAM would seek for the price of imports to more accurately reflect their carbon content, with the ambition of levelling the playing field between European industries who need to comply with increasingly ambitious European policies versus industries located in countries with lower ambition. The Commission is weighing up how closely to tie the mechanism to the existing structure of the EU Emissions Trading System in contrast to applying a tariff or tax at either the customs border or point of sale.