Thread by @SriEvent

#SriAgenda in 5min - #May24 9am CEST

Taxonomy CDA: Implications on financial markets and the role of #fossilgas in EU green transition "@Bellona_EU @ClimateBonds
us20.campaign-archive.com/?u=e8b672e2cb2…

#fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance @andytuit

@Bellona_EU @ClimateBonds @andytuit there's a lot of #greenwashing in the financial industry, this is why there's the need for a taxonomy, says @ph_lamberts starting his speech

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance @GreensEFA

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA we need to block the CDA-Climate Delegated Act because we want a label that is reliable, we need reliable market infos, if we include gas and nuclear we're distorting the market, says @ph_lamberts

#climatefinance #greenfinance #sustainablefinance @marietouss1 @EleonoraEvi

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi we have not only a political issue but also serious legal issues with the inclusion of nuclear and gas in the taxonomy, the CDA significantly deviates from the DNSH-Do No Significant Harm principle, says @ph_lamberts

#climatefinance #greenfinance #eutaxonomy #veto @Bellona_EU

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi introduced by @NagelLina now @seankidney Ceo @ClimateBonds takes the floor

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto @andytuit

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney it's very clear what the IEA said last year: no new fossil gas, reminds @seankidney

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney 'Accelerating the Fossil Gas Transition to Net Zero' is the policy paper just released by @ClimateBonds, @seankidney reminds

here is the link ➡ climatebonds.net/policy/fossil-…

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney there's a huge amount of methane leakages that's not being calculated, notes @seankidney

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto #methaneleaks

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney the EU Green Bond framework doesn't include gas and nuclear, reminds @seankidney, adding that the EU #GreenBonds issued so far have been largely oversubscribed

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney nov @VictorvanHoorn Executive Director @Eurosif takes the floor

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif what we've seen in the last couple of years especially is that the taxonomy has been incredibly politicized, notes @VictorvanHoorn

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto @lavayssiere_m @FedericaCasarsa

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa about nuclear, we know that no one is now going to invest in it if it's not strongly backed from the public sector, notes @VictorvanHoorn

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa a lot of investors are saying that they won't use the taxonomy framework if they don't find it reliable, I mean they're not going to invest in technologies like gas and nuclear since they don't think they are technologies of the future, says @VictorvanHoorn

#eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa Europe has a unique position to lead the change across the world, we're talking about global politics here, says @seankidney

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa Russia and China in their own taxonomies exclude unabated fossil gas, so why in the world in EU are we going to include it on a matter of political compromise?, wonders @seankidney

#fossilgas #fossilfuels #climatecrisis #greenfinance #eutaxonomy #veto @Bellona_EU @ClimateBonds

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa fossil investments are artificially 'good' investments, in terms of returns, since their negative externalities are not priced in the market, notes @ph_lamberts

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa there's a lot of money out there willing to be invested in green assets, the bottleneck is definitely not there, but at the same time that money wants to be invested in good projects, projects giving good returns, says @VictorvanHoorn

#fossilgas #greenfinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa we need to focus on future-fit investments, states @seankidney

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa we also need to start changing incentives and tax frameworks to drive the change towards low-carbon technologies and assets, now they're not fit for purpose, says @VictorvanHoorn

#fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa we need the really future-oriented people in the financial industry to speak up more loudly, says @ph_lamberts

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa if we fail (to block the CDA) in the Eu Parliament, the next step is that some Governments in Eu, for ex. Austria and Luxembourg, will go to court, says @ph_lamberts

#fossilgas #fossilfuels #climatecrisis #eutaxonomy #veto @lgewessler @ClaudeTurmes @SMarjanacCE

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa @lgewessler @ClaudeTurmes @SMarjanacCE we've been sold a false story about gas in the last thirty years, a story claiming that it is a transition fuel: it is not, states @seankidney

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa @lgewessler @ClaudeTurmes @SMarjanacCE we'll make the recording of the video publicly available shortly, says @NagelLina wrapping up the discussion

#fossilgas #fossilfuels #climatecrisis #climatefinance #greenfinance #sustainablefinance #eutaxonomy #veto

@Bellona_EU @ClimateBonds @andytuit @ph_lamberts @GreensEFA @marietouss1 @EleonoraEvi @NagelLina @seankidney @VictorvanHoorn @Eurosif @lavayssiere_m @FedericaCasarsa @lgewessler @ClaudeTurmes @SMarjanacCE That's a wrap!

#SriAgenda just ended ☑ #May24

Taxonomy CDA: Implications on financial markets and the role of #fossilgas in EU green transition
"@Bellona_EU @ClimateBonds
w/
🎙 @NagelLina
🎙 @seankidney
🎙 @ph_lamberts
🎙 @VictorvanHoorn

#fossilfuels #eutaxonomy #veto