How objections to high European green bar are misplaced
Limits are based on what scientists have calculated is needed to mitigate climate change
Sydney — The EU’s attempt to protect the environment by developing a complicated, wide-ranging definition of green investments has run into yet more problems. This time, it is opposition from those who support a more incremental approach.
A new draft of the bloc’s sustainable finance taxonomy, which seeks to catalogue only activities aligned with climate protection, includes some forms of unabated natural gas generation. The addition of a fossil fuel to the list predictably drew protests from academics, non-governmental organisations and some investors. More than 200 of them signed a letter objecting to the change...
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