The concrete implementation of the Next Generation EU strategy and the recent emergence of energy security problem have brought a decisive issue to the foreground: what is really meant by the “do no significant harm” (DNSH) principle. Up to now, in the EU documents an extreme interpretation of the principle prevailed, that actually hinders investments which are essential for the green transition and the diversification of energy supplies. In this chapter I propose an alternative interpretation of the DNSH principle so that it becomes an effective lever, not an obstacle, for these fundamental investments.

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