EU lawmakers reject attempts to block green investment rules

Pascal Canfin, chair of the environment committee, welcomed the vote results and said the taxonomy would "strengthen EU leadership on green finance rules".

BRUSSELS: European Parliament members on Monday rejected three attempts by some lawmakers to block the European Union's proposed rulebook for sustainable investments, as Brussels edges towards completing the first part of the landmark rules.

The European Commission in April proposed the first section of the EU's sustainable finance taxonomy, a complex piece of legislation that from next year will decide which investments can be labelled "sustainable" in the EU.