Page 128 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023

MARITIME POLICY

EU Taxonomy: green economic activities

Taxonomy Regulation (Regulation (EU) 2020/852): framework
Delegated Act Article 8: reporting on taxonomy eligibility and alignment in
terms of Turnover, CAPEX and OPEX
Delegated Act Envi 1: technical screening criteria up to 2025 (SC+DNSH)
Delegated Act Envi 2: in the pipeline

Substantial contribution to Safeguards
environmental objective NACE codes

DNSH to other
environmental objectives

Complex and one size for all?

models. What guidance would you give reduce finance/funding sources. We
policymakers? have seen a negative trend in ship
K.D. A “one size fits all” approach does not financing in past years due to under-
work. TDA1 recognises this diversity in lining market misperceptions and reg-
the definition of shipping economic ulatory requirements for banks. Most
activities, giving flexibility for future recently, we have seen a better under-
additions. However, the TSC is not yet standing of the purpose of taxonomy.
taking this fully into account.
A.M. Sustainability reporting standards
A.M. The Sustainable Finance Platform did not are gaining ground worldwide in ship
identify the speed-limit-related opera- financing. However, the proliferation of
tional criteria as the appropriate tech- arbitrary private initiatives is leading
nical requirements. Is it confirmed that to fragmentation. What hurdles do you
speed limits and underwater noise will be anticipate in this process?
excluded from the taxonomy process due K.D. As mentioned, this regulation is in the
to a lack of relevant information? making. Certain segments are not cov-
K.D. The TDA1 only covers the objective ered, so this market gap leaves room
of climate mitigation. All the above for private initiatives. However, private
relates to the pollution prevention initiatives may undermine stability,
objective, which will require further which is key to financing.
discussions.
CONCLUSIONS
A.M. Will the taxonomy process facilitate Maritime Taxonomy is horizontal and
or complicate EU shipowners’ lives by complex. It is a reporting and dis-
reducing finance opportunities and driv- closure tool providing investors with
ing them to consolidations? What will be information about green investments.
the implications of cumbersome admin- While the goal of decarbonisation is
istrative reporting formalities for SMEs? certain, regulatory and technological
K.D. While the Taxonomy Regulation does developments bring uncertainty. On
not cover SMEs, they will be indirectly the one hand, success lies in predict-
impacted by the reporting require- ability and stability by classification.
ments placed on financial institutions. On the other hand, taxonomy is a chal-
However, as long as Taxonomy is used lenge and an opportunity. If we get it
for its original purpose, it should not right, it can be a useful tool.

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