The European Commission has offered EU member states a greater role in deciding which technologies can be considered a sustainable investment in Europe after narrowly escaping a humiliating defeat last year over draft labelling rules for gas under its green finance taxonomy.
It covers 13 sectors, including renewable energy, transport, forestry, manufacturing, buildings, insurance and even the arts, which together account for nearly 80% of EU greenhouse gas emissions, the European Commission said.
The proposal was initially meant for publication before 31 December, but was delayed after a group of 10 EU member states threatened to veto it over concerns that natural gas had been denied “transition” fuel status in the draft guidelines.
NGOs walk out on EU green finance group over forestry, bioenergy rules
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Классификация зеленых инвестпроектов в ЕС под угрозой – советник Еврокомиссии
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EU chief adviser says credibility of green finance rules at risk
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EU chief adviser says credibility of green finance rules at risk Reuters 3 hrs ago By Kate Abnett and Simon Jessop © Reuters/Yves Herman FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels
By Kate Abnett and Simon Jessop
BRUSSELS/LONDON (Reuters) - The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.
The EU is racing to meet an April 21 deadline to publish the first section of its sustainable finance taxonomy, a list of economic activities that will decide which ones can be labelled as green investments in the EU from next year.