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The ‘do no significant harm’ principle as currently set out in the delegated acts of the Taxonomy Regulation is not ambitious enough, nor will it prevent environmentally harmful activities, and it does not strengthen compliance with existing EU legislation. ‘Do no significant harm’ seeks to prevent significant harm, and should never be interpreted as a sustainability screening mechanism for investments.
At this stage in the global climate and environmental emergencies, we can no longer afford to spend public funds for projects that would harm the environment and therefore our future. For this reason, EEB and the Green10 prepare a list of recommendations that should be taken on board before applying the principle to further EU policies.CONTINUE READING ON: eeb.org
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