Climate Change Mitigation

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Definition

An economic activity shall be considered to contribute substantially to climate change mitigation where that activity substantially contributes to the stabilization of greenhouse gas concentrations in the atmosphere at a level which prevents dangerous anthropogenic interference with the climate system by avoiding or reducing greenhouse gas emissions or enhancing greenhouse gas removals.[1]

Climate change mitigation may be achieved through any of the following means, including through process or product innovation:

  1. generating, storing or using renewable energy or climate-neutral energy (including carbon-neutral energy), including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;
  2. improving energy efficiency;
  3. increasing clean or climate-neutral mobility;
  4. switching to use of renewable materials;
  5. increasing carbon capture and storage use;
  6. phasing out anthropogenic emissions of greenhouse gases, including from fossil fuels;
  7. establishing energy infrastructure required for enabling decarbonisation of energy systems;
  8. producing clean and efficient fuels from renewable or carbon-neutral sources.

References

  1. Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019