EU states agree to delay classification of green finance to December 2022


  • World
  • Wednesday, 25 Sep 2019

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman

BRUSSELS (Reuters) - Representatives of European Union governments agreed on Wednesday to delay the application of a classification of sustainable financial products to the end of 2022 and did not rule out that investments in nuclear and coal could be deemed "green".

The decision would postpone by more than two years the application of the EU green "taxonomy", which the EU Commission had proposed to introduce from mid-2020.

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