This approach would also enable a better focus on the technological constraints conditioning the transition, which must be taken into account. Europe has indeed adopted such multi-pronged approach: the CSDDD is expected to introduce mandatory transition plans for all companies, financial and non-financial, bringing about a virtuous convergence of the entire economic system towards the principles of the Taxonomy and the Paris goals.
It remains to be seen whether this virtuous convergence will actually take place. The current energy crisis is resulting in huge profits for the fossil fuels industry, and government subsidies for energy consumption.