Member states scupper agreement on green finance rules

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. 

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.