The European Rail Sector reacts to the proposed revision of the Taxonomy Climate & Disclosures Delegated Acts with several recommendations to improve the text regarding rail-related economic activities.
These Delegated Acts contribute to the EU’s aim to increase the flow of investment money towards sustainable activities across the European Union.
UIP along with ALLRAIL, CER , EIM, ERFA and UNIFE call in their joint sector statement on the European Commission to take into account the proposed changes on:
- Eligibility of rail components
- Disclosure and the Single Path principle
- A level playing field addressing the sustainable mobility challenges
- Do No Significant Harm (DNSH) criteria
Please find the jointly signed statement on the right for more information.
Background EU Taxonomy
The EU Taxonomy’s regulatory framework (Regulation (EU) 2020/852) determines whether an economic activity qualifies as environmentally sustainable. This creates a de facto classification system that establishes the degree of sustainability of an investment.
The framework aims to serve as a transparency tool for companies and investors to help them identify projects and economic activities that have a substantial positive impact on the climate and the environment. The European Commission (EC) defines by Delegated Regulation (EU) 2021/2139 the technical screening criteria to that purpose. The EC has proposed a revision of the Delegated Acts on Climate and on Disclosures to which the European Rail Sector replied on May 2023.