The Euro Taxonomy

The 'EU Taxonomy timeline’ was introduced to improve consistency in how businesses are treated by different Member States. It translates the descriptions of products, "Carbon credits", or "unmistaken investment projects" into tax regulatory terms.

Developed by the EU Commission for Environment, Traffic and Energy Policy, the EU taxonomy is a useful guide for the emanant market as well as information as to set a framework for difficult decisions. The EU taxonomy timeline is being implemented in phases, the first being in April 2021. 

In the first review of the results, formulated by the Commission, even comprehensive estimates of the carbon credit value Potential in EU member states have been accepted. This is the first time the exact total value of greenhouse emissions, quantified, was published.

In June 2006, the Commission published a breakdown of the EU taxonomy timeline, starting with the EU carbon credit value to the Member States. In November 2006, it published an update of Member state capacity by Happy converged indicators Global Windows (oriented to 74 member states). Another update of the CO2 values to the Member States was published in September 2008 at the European level. The next update was in November 2009 of this number was published in June 2010 and the final report for the EU taxonomy timeline was published in December 2011.

In addition, a variation of the EU taxonomy was published for manufacturing companies. A new definition, to cover all manufacturers, was published, which was ahead of the EU carbon credit values and included initial capacity, capital expenditure, energy and environmental emission. It was published at the same time as the new EU carbon credit scheme was introduced.

In addition, as a result of the experiences from the preceding market, the Commission made the relevant Member States aware about certain official indicators for measuring greenhouse emissions. However, due to the slow response by Member States to the responsibilities, it is not yet clear whether the EU taxonomy timeline applied will be a more accurate measure than the level of carbon credits that Member States invest.

The EU carbon trading scheme introduced, started in 2007, which aims to encourage the Member States to limit greenhouse emissions, which was decades earlier and, most of all, nearly were not implemented. In fact, these greenhouse gas emissions, in some cases, never were reported to the Member States. Was that program and the EU taxonomy timeline a success?

In the next few years, it would be possible to predict another possible application of the EU taxonomy timeline, this time on the European level, since the EU implementing parties would also be looking at whether it would include financial instruments and their environment protection risks. It is therefore feasible that this could determine the future climate controls in the EU.

The main question of the EU carbon credit scheme is how to implement them on the national level. The most immediate goal is the proposal to introduce harmonised EU carbon credits by 2015. Another goal could be to publish initial EU carbon credits as the first investment program with a carbon footprint. But, who it will affect is the central question.

With this issue, it is difficult to answer whether, why would a company, if its liability limit for carbon, is set up an average of (1,2 reads the least) 10 tonnes of greenhouse gas 2002, but commuting it with other forms of their greenhouse gas such as utilizations of energy, in many to cover its emissions in future to limit its liability. The solution to this problem is explained in another post.

Onsite equipment is still largely being used to conduct support programs, not being used for actual use. The expectation is that each capability will be applied soon as possible on the market. Also onsite equipment are now used in other equipment such as curse busters to filter carbon emissions and noise emissions, for example extremely detailed mud collectors.

The stability of the EU taxonomy timeline was the main problem in Europe to implement energy savings recommendations in a way that will increase energy savings. In many cases, the outcome was to increase greenhouse gas emissions. In the area of relocation, this also is not absolute and there is no data to show to which location in Europe this is true. The EU taxonomy timeline, which was calculated at a national level, shows all Member States to have emissions recordings ( greenhouse gas) less than that of EU capitals to the same extent. It is therefore reasonable to assume that the carbon tax introduced will be a stop gap measure hoping it will be the solution to the greenhouse gas challenge of Europe. As also onsite equipment, where the idea is to replace or to upgrade fitting, gear and lights.