- Five civil society organisations decided to leave a European Commission-led expert group on sustainable finance, saying the EU executive has interfered politically in decisions such as the controversial inclusion of nuclear power in the EU’s green finance taxonomy.
- The expert group was set up in June 2018 to assist the EU executive in drawing up technical criteria under the EU’s green finance taxonomy, a rulebook aimed at defining the technologies that can be labelled green investments and those that cannot.
- The EU’s green finance taxonomy was originally set up to prevent greenwashing and help fund managers assess whether their investments are consistent with policies such as the European Green Deal.
NGOs walk out of EU green finance group, citing political interference
