Taxonomy deal agreed in principle: Greens jubilant

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By Jon Hay
05 Dec 2019

The European Union has reached preliminary political agreement on the law that will introduce its Taxonomy of Sustainable Economic Activities. The news was hailed as a triumph by green finance specialists, though there is still a risk of battles to come.

The Taxonomy is a classification of what activities are officially considered sustainable. Financial firms marketing products as sustainable will have to disclose how their products measure up against the Taxonomy.

"Europe is finally creating clarity regarding the question of which financial products can be called sustainable," said Sven Giegold, ...

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