The European Parliament and Council of the EU have adopted the Taxonomy Regulation which sets out the harmonised criteria to determine whether an economic activity is environmentally sustainable. The aim is to boost green investments and prevent ‘greenwashing’. It should enable investors to focus on sustainable investment and thereby help the EU become climate neutral by 2050. Under the Regulation, an economic activity can be labelled as environmentally sustainable if it contributes to at least one of the six environmental goals without significantly harming any of the others:
The full regulation can be found here.
The European Commission’s BlueInvest Day will bring together innovators, entrepreneurs, investors and enablers to unlock opportunities for investment and growth. It will take place on 4 February 2020 in Brussels, Belgium. Registration is now open and can be accessed here.
More information about the European Commission’s BlueInvest platform can be found here. Further Information about the BlueInvest grants will also be published on 21 November, which have a budget of over €22 million. These will support the development of innovative services and technologies and awards grants to market- and investment-ready SMEs with innovative products, technologies and services for the blue economy.