THE IMPACT OF THE EU TAXONOMY REGULATION ON THE BUILDING AND CONSTRUCTION SECTOR
THE IMPACT OF THE EU TAXONOMY REGULATION ON THE BUILDING AND CONSTRUCTION SECTOR

Summary/Abstract: As a very recent legal instrument, the EU Taxonomy Regulation is a hot topic among stakeholders in the construction sector in the Member States of the European Union and is a comprehensive classification system designed to help transform economic activities towards greater sustainability and promote green investment. It aims to help investors, companies and EU countries manage the transition to a low-carbon, resilient and resource-efficient economy. This must go hand in hand with fundamental societal change. The rules of the EU taxonomy apply to all sectors of the economy, including construction. In the construction sector in particular, different criteria apply to the construction, renovation, purchase and rental of buildings. In terms of legislation, the European Commission assumes that all EU directives relating to specific economic activities have been transposed into national law. There are therefore very few new or additional requirements. The technical assessment criteria of the Taxonomy Regulation are still under development and the verification and calculation of these criteria remains a Herculean task. This publication analyses the technical requirements for compliance with the EU Taxonomy and the potential impact of the EU Taxonomy Regulation on the future development of the construction sector. It is important to note that the development of the Taxonomy Regulation is part of an ongoing discourse.

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