EU
Sustainable finance should be technology neutral and support transition to
climate neutral Europe

Finnish
Energy strongly supports the European Commission’s goal of climate neutral
Europe by 2050 and increasing the 2030 climate target as the Commission has
proposed. Finland has pledged to become carbon neutral already in 2035.

The member
companies of Finnish Energy want to be part of the transition, and provide
solutions to decarbonisation of the European economy. In order to succeed in
this, we need all carbon-neutral energy sources onboard.

Therefore,
we regret to see that the Sustainable Finance Taxonomy draft Delegated Act
fails to meet technology neutrality and does not recognize that all
carbon-neutral technologies are needed in the transition to climate neutrality.
Furthermore, the draft sustainability criteria create policy instruments
through financial sector that are overlapping with existing sectorial
legislation and do not consider system-level demands for transition to
carbon-neutral society.

We are
calling on the European institutions to implement a technology neutral
approach of sustainable finance that includes all projects contributing to
decarbonisation.