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Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088.

Country
European Union
Type of law
Legislation
Source
FAO , FAOLEX
Abstract
This Regulation establishes the criteria for environmentally sustainable economic activities for the purposes of establishing the degree to which an investment is environmentally sustainable. The environmental objectives for the purposes of this Regulation are listed in Article 9 as: (a) climate change mitigation and adaptation; (b) sustainable use and protection of water and marine resources; (c) the transition to a circular economy; (d) pollution prevention and control; and (e) the protection and restoration of biodiversity and ecosystems.
Attached files
http://faolex.fao.org/docs/pdf/eur210895.pdf
Web site
https://eur-lex.europa.eu/homepage.html
Date of text
Entry into force notes
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. Articles 4, 5, 6 and 7 and Article 8(1), (2) and (3) shall apply: (a) in respect of the environmental objectives referred to in points (a) and (b) of Article 9 from 1 January 2022; and (b) in respect of the environmental objectives referred to in points (c) to (f) of Article 9 from 1 January 2023. Article 4 shall not apply to certificate-based tax incentive schemes that exist prior to the entry into force of this Regulation and that set out requirements for financial products that aim to finance sustainable projects.
Notes
Also known as the 'EU Taxonomy Regulation'.
Repealed
No
Serial Imprint
Official Journal of the European Union L 198, 22 June 2020, pp. 13-43.
Source language

English

Legislation Amendment
No
Amends
Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector.
Implemented by
Cabinet Order No. 573 validating Updated National Energy and Climate Plan 2021–2030.
Sewage Sludge Management Plan for 2024–2027.
Act No. 25 on sustainability-related disclosure in financial services and a classification system for sustainable investments.
Commission Delegated Regulation (EU) 2021/2178 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation.
Commission Delegated Regulation (EU) 2021/2139 supplementing Regulation (EU) 2020/852 by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives.