The EU’s green-investing “taxonomy” could go global
But will it steer capital towards deserving projects?
HOURS BEFORE Brussels entered 2022, a bombshell dropped. In a draft sent to EU countries, the European Commission proposed classing some nuclear and gas projects as green in its “taxonomy”, a list meant to define sustainable investing. Austria threatened to sue; Germany cried foul. The plan is still likely to win majority support from member states, which have until January 12th to opine. It could set the terms for green investing well beyond Europe. But will it steer capital towards deserving projects?
This article appeared in the Finance & economics section of the print edition under the headline “Gold standard”
Finance & economics January 8th 2022
- How long can the global housing boom last?
- The EU’s green-investing “taxonomy” could go global
- A war of words ends with the Democrats in charge of a key regulator
- Economists are agreeing with each other more
- Could China’s north-east be home to its next banking disaster?
- The rise of personalised stock indices
- Why gold has lost some of its investment allure
- The IMF bashes the IMF over Argentina
From the January 8th 2022 edition
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