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Together, a combined green and transition taxonomy can support a holistic approach to achieve a low-carbon transition. Most of the G7 and G20 countries are moving ahead with their taxonomies, which speaks to their importance in a clean-growth toolbox.
Despite its lauded Green Taxonomy , which should position the EU to rival the US, limited State aid, ambiguity of the legislation, and a lack of incentives and legal obligations imposed on companies, has resulted in limited uptake from investors in Europe and delays in tangible action.
Green hydrogen has huge potential and multiple use cases, but cost concerns and operational risks linger. The world’s net zero future depends on introducing and upscaling cleantechnologies to neutralise and/or replace the hardest-to-abate CO2 emissions produced by carbon-intensive industries. Circular argument.
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