vdp criticises EU Commission’s drafts for the revision of the EU taxonomy
The Association of German Pfandbrief Banks (vdp) criticises the EU Commission’s drafts for the revision of the EU taxonomy as impractical and too complex. The proposals would rather slow down renovations, make it more difficult to apply in real estate financing and thus hinder the generation of taxonomy-compliant loans; the vdp demands, among other things, the waiver of DNSH testing obligations for renovations as well as practicable criteria. In addition, the association warns against a premature tightening of new construction standards and calls for more functional definitions for “green” buildings.
