The European Commission has published a taxonomy outlining what qualifies as an environmentally sustainable investment across the sectors of agriculture , buildings , energy , forestry , information technology , manufacturing , transportation and water and sanitation . That may sound like a lot, but it barely puts a dent in the $5-7 trillion that the UN thinks is needed every year to achieve its Sustainable Development Goals by 2030, which target the environment in addition to a host of other issues. According to the taxonomy , which will now be subject to six months of consultation , environmentally sustainable activities must actively contribute to one of six main objectives : climate change mitigation ; climate change adaptation ; sustainable water and marine resource usage ; circular economy transition , waste prevention and recycling ; pollution prevention ; ecosystem protection . Activities fulfilling the first two objectives must also avoid “ significant contribution ” to the other four .
The European Commission has published a taxonomy outlining what qualifies as an environmentally sustainable investment across the sectors of agriculture , buildings , energy , forestry , information technology , manufacturing , transportation and water and sanitation . According to the taxonomy , which will now be subject to six months of consultation , environmentally sustainable activities must actively contribute to one of six main objectives : climate change mitigation ; climate change adaptation ; sustainable water and marine resource usage ; circular economy transition , waste prevention and recycling ; pollution prevention ; ecosystem protection . Activities fulfilling the first two objectives must also avoid “ significant contribution ” to the other four .