Difference between revisions of "Climate Change Adaptation"
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== Definition == | == Definition == | ||
| − | An economic activity shall be considered to contribute substantially to Climate Change Adaptation where that activity contributes substantially to reducing the negative effects of the current and expected future climate or preventing an increase or shifting of negative effects of climate change<ref>Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019</ref> | + | An economic activity shall be considered to contribute substantially to '''Climate Change Adaptation''' where that activity contributes substantially to reducing the negative effects of the current and expected future climate or preventing an increase or shifting of negative effects of climate change<ref>Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019</ref> |
| − | == | + | In EU legislative context climate change adaptation means the process of adjustment to actual and expected climate change and its impacts. (based on the Regulation (EU) 2020/852) |
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| + | == Further Specifics == | ||
* preventing or reducing the location and context specific negative effects of [[Climate Change]], which shall be assessed and prioritised using available climate projections, on the economic activity; | * preventing or reducing the location and context specific negative effects of [[Climate Change]], which shall be assessed and prioritised using available climate projections, on the economic activity; | ||
* preventing or reducing the negative effects that climate change may pose to the natural and built environment within which the economic activity takes place, which shall be assessed and prioritised using available climate projections. | * preventing or reducing the negative effects that climate change may pose to the natural and built environment within which the economic activity takes place, which shall be assessed and prioritised using available climate projections. | ||
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[[Category:EU Sustainable Finance Taxonomy]] | [[Category:EU Sustainable Finance Taxonomy]] | ||
| + | [[Category:ESRS Glossary]] | ||
Revision as of 15:44, 11 May 2023
Definition
An economic activity shall be considered to contribute substantially to Climate Change Adaptation where that activity contributes substantially to reducing the negative effects of the current and expected future climate or preventing an increase or shifting of negative effects of climate change[1]
In EU legislative context climate change adaptation means the process of adjustment to actual and expected climate change and its impacts. (based on the Regulation (EU) 2020/852)
Further Specifics
- preventing or reducing the location and context specific negative effects of Climate Change, which shall be assessed and prioritised using available climate projections, on the economic activity;
- preventing or reducing the negative effects that climate change may pose to the natural and built environment within which the economic activity takes place, which shall be assessed and prioritised using available climate projections.
See Also
References
- ↑ Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019
