The EU Taxonomy is a classification system defining a list of economic activities that are considered sustainable for investment purposes. The Regulation has been adopted in 2020 with the aim of redirecting capital flows towards sustainable investments.
Among the non-ferrous metals, criteria have been developed for aluminium’s contribution to climate mitigation and adaptation, while there are some proposals from the Platform on Sustainable Finance on mining and manufacturing of copper, lithium and nickel.
At the same time, as part of the simplification efforts, the European Commission is revising the Regulation to facilitate its implementation.
For the EU Taxonomy to support metals and minerals value chains in their transition, technical screening criteria developed across climate and environmental impact categories must be:
