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The EU Taxonomy and the Energy Supply Sector - A qualitative case study on the implications of the EU Taxonomy on the regulatory reporting requirements in the energy supply sector

Beckenbauer, Hannah LU (2023) EOSK12 20231
Department of Economic History
Abstract
The EU Taxonomy provides a clear set of criteria for identifying sustainable economic activities and facilitating investment flows in alignment with sustainable practices. Although dynamic, the Taxonomy emphasizes the mitigation of greenhouse gas emissions and biodiversity conservation, making it crucial for companies, policymakers, and capital markets. To meet the EU's environmental goals, a significant transition from fossil fuels to renewable energy sources is required, which highlights the central role of the energy supply sector in the transition to a sustainable economy. This research uses a qualitative case study approach to examine the impact of the Taxonomy on the regulatory reporting requirements for companies in the energy... (More)
The EU Taxonomy provides a clear set of criteria for identifying sustainable economic activities and facilitating investment flows in alignment with sustainable practices. Although dynamic, the Taxonomy emphasizes the mitigation of greenhouse gas emissions and biodiversity conservation, making it crucial for companies, policymakers, and capital markets. To meet the EU's environmental goals, a significant transition from fossil fuels to renewable energy sources is required, which highlights the central role of the energy supply sector in the transition to a sustainable economy. This research uses a qualitative case study approach to examine the impact of the Taxonomy on the regulatory reporting requirements for companies in the energy supply sector. The regulatory changes and the experience of a company in the industry, namely the German energy supplier EnBW, are analyzed regarding implementing the requirements of the EU Taxonomy. This research finds a gap between the intended and actual implementation of the Taxonomy. It identifies that the classification of transitional economic activities, interpretation issues, and time constraints contribute to this disparity. The results of this study identify the strengths and potential weaknesses of the Regulation, and suggestions for the future improvement of the Taxonomy are outlined. (Less)
Please use this url to cite or link to this publication:
author
Beckenbauer, Hannah LU
supervisor
organization
course
EOSK12 20231
year
type
M2 - Bachelor Degree
subject
language
English
id
9129198
date added to LUP
2023-06-22 12:17:21
date last changed
2023-06-22 12:17:21
@misc{9129198,
  abstract     = {{The EU Taxonomy provides a clear set of criteria for identifying sustainable economic activities and facilitating investment flows in alignment with sustainable practices. Although dynamic, the Taxonomy emphasizes the mitigation of greenhouse gas emissions and biodiversity conservation, making it crucial for companies, policymakers, and capital markets. To meet the EU's environmental goals, a significant transition from fossil fuels to renewable energy sources is required, which highlights the central role of the energy supply sector in the transition to a sustainable economy. This research uses a qualitative case study approach to examine the impact of the Taxonomy on the regulatory reporting requirements for companies in the energy supply sector. The regulatory changes and the experience of a company in the industry, namely the German energy supplier EnBW, are analyzed regarding implementing the requirements of the EU Taxonomy. This research finds a gap between the intended and actual implementation of the Taxonomy. It identifies that the classification of transitional economic activities, interpretation issues, and time constraints contribute to this disparity. The results of this study identify the strengths and potential weaknesses of the Regulation, and suggestions for the future improvement of the Taxonomy are outlined.}},
  author       = {{Beckenbauer, Hannah}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The EU Taxonomy and the Energy Supply Sector - A qualitative case study on the implications of the EU Taxonomy on the regulatory reporting requirements in the energy supply sector}},
  year         = {{2023}},
}