EU Taxonomy Regulation & Delegated Acts

The EU Taxonomy Regulation (EU) 2020/852 establishes a classification system to determine which economic activities are environmentally sustainable. It aims to guide investment towards activities that support the EU’s environmental objectives, including climate change mitigation and adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection and restoration of biodiversity and ecosystems.

Criteria for Environmental Sustainability

To be considered environmentally sustainable, a manufacturing activity must:

1. Substantially contribute to at least one of the EU’s environmental objectives.
2. Do no significant harm (DNSH) to any of the other environmental objectives.
3. Comply with minimum safeguards, such as adhering to OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.
4. Meet technical screening criteria specific to the activity, as detailed in the Delegated Acts.

By adopting BioShare’s technologies, CHP operators and manufacturers can enhance their alignment with the EU Taxonomy’s Technical Screening Criteria, facilitating access to sustainable finance and contributing to the EU’s climate objectives.

Key Performance Indicators (KPIs)

Companies are required to report on the following KPIs to demonstrate alignment with the EU Taxonomy:

• Turnover: Proportion of revenue derived from taxonomy-aligned activities.
• Capital Expenditure (CapEx): Investment in assets or processes associated with taxonomy-aligned activities.
• Operational Expenditure (OpEx): Costs related to the maintenance and repair of assets, short-term leases, and R&D for taxonomy-aligned activities.

These KPIs help stakeholders assess the extent to which a company’s activities are environmentally sustainable.

How BioShare Supports CHP Operators:

1. Retrofitting Existing CHP Plants: BioShare’s technology enables the conversion of traditional CHP plants to utilize renewable feedstocks, such as biogenic waste, aligning with the taxonomy’s criteria for sustainable energy production.
2. Production of Renewable Fuels: By facilitating the generation of renewable fuels like biomethane, BioShare aids in meeting the taxonomy’s technical screening criteria for manufacturing activities that substantially contribute to climate change mitigation. They will also put products on the market that help other companies meet targets in their specific sectors.
3. Integration with Gas Grids: The technology supports the injection of biomethane into existing gas grids, an activity recognized by the EU Taxonomy as environmentally sustainable, thereby enhancing the decarbonization of energy systems and also contributes to grid owners to meet specific targets related to transferring renewable and RFNBO compliant gases.
4. Compliance with Technical Screening Criteria: BioShare’s solutions are designed to meet the taxonomy’s technical screening criteria, ensuring that CHP operators can demonstrate substantial contributions to environmental objectives, do no significant harm to other objectives, and comply with minimum safeguards.