CleanTechnica•about 1 month ago
How to Fix Greenwashing Risks in the EU’s Next Long-Term Budget
Key Takeaway
New EU guidance on greenwashing will tighten definitions for climate and environmental spending, directly influencing project eligibility for funding and the perceived sustainability of energy investments for developers and large consumers.
AI Summary
- •EU NGOs have published guidance for the EU's Performance Regulation, a key law designed to prevent greenwashing in climate and environmental spending within the next long-term EU budget.
- •This guidance will establish stricter criteria for tracking and defining 'green' projects, directly impacting their eligibility for EU funding, subsidies, and favorable regulatory treatment.
- •Developers and IPPs operating in the EU should anticipate increased scrutiny on the environmental claims of their projects, which could influence project financing, compliance costs, and market competitiveness.
- •Large power consumers aiming for sustainability targets or green energy procurement may benefit from clearer definitions of genuinely green supply, but also face more stringent requirements for what qualifies.
Topics
emissionsfinancingpolicy
Article Content
T&E and partner NGOs have published guidance on the Performance Regulation — a key law shaping how climate and environmental spending will be tracked in the next EU budget. The ‘technical reference document’ was developed together with WWF, CEE Bankwatch Network, ClientEarth, CAN Europe, HEAL and the European Environmental Bureau, ... [continued] The post How to Fix Greenwashing Risks in the EU’s Next Long-Term Budget appeared first on CleanTechnica .