Taxonomy law in doubt as countries drag feet, conservatives weaken text

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By Jon Hay
14 Mar 2019

Both the nature and timing of the European Union’s planned Taxonomy of Sustainable Economic Activities are in doubt. Conservative members of the European Parliament this week voted down an ambitious draft of the bill, and some nation states appear reluctant to push the Taxonomy bill through to the statute book before the European elections in May, writes Jon Hay.

The Parliament, which had drafted a far-reaching proposal, this week weakened its position to a text with fewer safeguards for the environment and society, after a political battle between left and right.

Markus Ferber, a German Christian Social Union MEP who is the co-ordinator for the centre-right European People’s ...

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