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Political deals tarnish Taxonomy’s claim to science-based objectivity

Gas cogeneration heat plant from Alamy 25Mar21 575x375

The polite world of sustainable finance has collided with the ugly reality of politics in the past week, as open strife has broken out over the European Union’s sustainable finance legislation, especially the Taxonomy. Conservative and progressive elements are battling over a host of issues, above all whether gas power should ever be classed as sustainable, and the validity and even legality of the Taxonomy is being called into question.

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