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DNSH
It is essential that institutional and private investors’ investments in the transition to zero carbon are resilient to current and future climate conditions and extreme weather events.
The “Do No Significant Harm” (DNSH) principle refers to how an activity relates to the six environmental objectives and whether the activity causes significant harm to any of the prescribed environmental objectives, namely:
- Climate change mitigation
- Adaptation to climate change
- Sustainable use and protection of water and marine resources
- Circular economy, including waste prevention and recycling
- Prevention and control of air, water, or soil pollution
- Protection and restoration of biodiversity and ecosystems
The DNSH analysis is developed according to European Commission Regulation (EU) 2021/2139, to determine:
1
The conditions under which an economic activity qualifies as substantially contributing to climate change mitigation or adaptation to climate change, and to determine if such economic activity causes significant harm to any other environmental objectives such as biodiversity conservation, pollution control, etc.
2
The assessment of the DNSH (Do No Significant Harm) principle and how projects submitted and funded from European funds comply with the six environmental objectives is carried out in several stages, as follows
Identification of the project’s specifics and verification of its compliance with the attached DNSH analysis of the relevant funding program
Conducting a detailed analysis to demonstrate how the DNSH principle is upheld
Proposing appropriate measures to ensure compliance with the DNSH principle