NSPA’s views on EU classification system for green investments

On December 18, Northern Sparsely Populated Areas (NSPA) adopted a position on the proposed EU classification system for green investments (taxonomy). The position focuses on the proposed delegated regulation on a climate change mitigation and adoption taxonomy, presented by the European Commission in November 2020.

Sustainable forestry crucial to achieve climate neutrality by 2050 

NSPA welcomes  the EU initiative  to  stimulate sustainable investments. However, the current proposal may complicate investments in renewable energy sources,  of great importance for the development in the NSPA area.  Active and sustainable forestry is crucial to EU's green transition efforts and should be defined as sustainable. The NSPA  opposes  that the criteria of the delegated act - as NSPA perceives it -  define all active forestry as a  something negative from a climate perspective.  The NSPA also calls for that the carbon balance should not be calculated based on individual forest stock, nor over a short period of time.   

A synchronised taxonomy with other EU climate and environmental legislation 

Another topic of concern  are  investments in bioenergy.  Bioenergy from forest biomass is one of the foundations of NSPA energy systems and crucial for  the green  transition  within  the  EU.  The NSPA  questions that bioenergy and biofuels are designated as a transition  technology in the delegated act, which  contradicts  the  Renewable Energy Directive (RED II) which emphasises the importance of bioenergy for our energy supply.   The NSPA calls for that the taxonomy should be synchronised with other EU level climate and environmental  legislation.  That includes the RED II but also the Water Framework Directive for hydropower criteria.   

Read the position on EU's taxonomy by NSPA here

18 Dec 2020