France, Romania support bolder versions of green Taxonomy

By Jon Hay
07 May 2019

Financial officials of all the EU governments are meeting in Brussels on Tuesday to discuss whether to broaden the Taxonomy at the heart of the union’s Sustainable Finance Action Plan (SFAP). Some states, led by France, want it to be not just a label for the “green niche” but a guide to wider efforts towards a healthier economy.

The Romanian presidency, eager to secure agreement in the European Council of governments before the summer, is trying to reconcile the French scheme with the original proposal from the European Commission.

But the Romanian draft, seen by GlobalCapital, contains a still bolder suggestion: that the Taxonomy should cover ...

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