BREAKING: EU legislation to prevent greenwashing becomes ultimate greenwashing tool- BirdLife suspends activities in Commission Platform on Sustainable Finance

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Today, the European Commission released the so called ‘Delegated Act’ of its Sustainable Finance Taxonomy [1]. The EU taxonomy is a landmark regulation that will from next year define what can be labelled as a sustainable investment in the EU. However, what was supposed to be the standard against greenwashing has now become yet another greenwashing tool as the Taxonomy states that forestry (logging trees) and bioenergy (burning trees and crops for energy) make a “significant contribution to climate mitigation” and do “no significant harm” to biodiversity.

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