Towards a greener and more sustainable economy. What is the European Union taxonomy? - Zeme un valsts

Towards a greener and more sustainable economy. What is the European Union taxonomy?

Significant changes to the economic and financial system have begun in the European Union and across the world. Their primary leitmotif is the assessment, mitigation, and compensation of the impact of human activities on the environment.

To mobilise society for these changes, topics dedicated to climate change, pollution reduction, and biodiversity are being widely covered in the media.

Demonstrations and international forums are being organised. Standards certifying sustainable activities and new financial instruments are being developed with the aim of facilitating the transition. Every manufacturing or service sector depends not only on the resources required to produce goods or provide services, but also on the ecosystem services provided by nature - clean air, clean water, climate, and biodiversity.

The very possibility of human existence depends on ecosystem services. Every human action impacts the environment, and the European Green Deal is a strategy to mitigate the impact created by citizens.

The Green Deal is an instrument for significant processes of economic and financial system restructuring, which affects every sector of the national economy and requires the transformation of existing business models in accordance with the emerging EU regulatory framework.

Towards a greener and more sustainable economy. What is the European Union taxonomy?

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