EU passes first chunk of green investment rules, contentious sectors still to come

Investing.com | Dec 9, 2021 at 6:42 AM
  • The European Union has passed the first part of its rulebook on climate friendly investments.
  • The first section of the EU’s sustainable finance taxonomy will apply from Jan. 1 2022, having passed a scrutiny period that ended on Wednesday night.
  • The rules set environmental criteria for investments including renewable energy, shipping and car manufacturing – with zero-emission vehicles the only type that can be labelled green from 2026.