Author Archives: Mattias Backmark

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

Sweden has implemented tax exemption schemes aimed at promoting the use of sustainable, non-food-based biogas and bio-propane in both the transport and heating sectors. These exemptions apply to energy and CO₂ taxes, making renewable alternatives more competitive against fossil fuels. Transport Sector Energy Sector Recent Developments In December 2022, the European General Court annulled the European Commission’s 2020 decisions approving these tax exemptions on procedural grounds, citing the need for a formal investigation into potential

– What You Need to Know of renewable targets and RFNBO implementation The European Union is accelerating its energy transition to meet climate neutrality by 2050. As part of this shift, the Renewable Energy Directive III (RED III) was adopted in 2023 to reinforce the EU’s renewable energy targets and provide stronger market signals for investment in clean technologies. RED III builds on previous iterations by introducing sector-specific mandates, tightening rules for renewable fuel certification,