‘Dangerous’ loophole risks undermining green finance rules, green groups warn

Campaigners have warned against weakening standards for sustainable investments, as MEPs and member state representatives met for the third round of talks on the EU’s green taxonomy package on Thursday.

The governance issue was one of the sore points of the discussion, with negotiators at loggerheads over an EU Council proposal to use ‘implementing acts’ that would not require sign-off by the European Parliament.

Julia Linares, sustainable investment officer at WWF European Policy Office, told ENDS that the proposal would “give a free hand to member states to weaken the sustainable thresholds” in the green taxonomy for financial products. 

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