Member states scupper agreement on green finance rules

Simon Pickstone

12 Dec 2019

France, the UK and a number of eastern European countries have blocked a provisional agreement on establishing a taxonomy for green financial products, with a disagreement over the status of nuclear energy emerging as a key stumbling block.

While the European Commission presented its roadmap for a ‘European Green Deal’ on Wednesday, member state representatives failed to endorse a deal reached between MEPs and the EU Council last week that sets out a list of economic activities to be classed as sustainable, ‘transitional’ or ‘enabling’ decarbonisation.

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