BRUSSELS (Reuters) - European Union states have blocked a set of new rules governing which financial products can be called "green" and "sustainable", EU officials said, in a major setback for the bloc's climate ambitions.
The decision halted a deal struck just last week by EU lawmakers and the Finnish presidency of the EU, which negotiators hailed as a landmark compromise that could establish a global standard on green bonds and other financial products aimed at climate-conscious investors.
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