Conservative MEPs quail at pushing for ‘brown’ list in green Taxonomy

Carbon emissions smoke power station from Fotolia 230x150
By Jon Hay
21 Feb 2019

Centre right members of the European Parliament have balked at approving a proposal to change the EU’s Taxonomy of Sustainable Economic Activities so it highlights unsustainable activities. Jon Hay reports.

The Taxonomy — a guide for investors wanting to put money into green investments — is the centrepiece of the EU’s Sustainable Finance Action Plan, a package of legislation launched last year to reform capital markets to support a sustainable economy and combat climate change.

The idea of ...

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