Taxonomy deal done as France accepts tweak

Oil rig in storm climate from Alamy 230x150
By Jon Hay
18 Dec 2019

European member states have voted to approve the law introducing the Taxonomy of Sustainable Economic Activities at the second time of asking, after France and other objectors won concessions in favour of nuclear power that pro-green observers insisted were nothing to worry about.

Nathan Fabian, chief responsible investment officer at the Principles for Responsible Investment, said the Taxonomy would have many benefits, “but the main one is there will be a common language on environmental performance for our economic activities. At the moment there is no common view on, for example, ...

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