Politics
First Glimpse of EU’s Green Rules Shows Climate Goal Fight
- EU releases its rulebook for sustainable investments
- Countries have lobbied bloc on gas, nuclear and forestry
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The European Union agreed its first criteria for green investments on Wednesday, in a move that could set a benchmark for the world to follow.
The stakes are high: the EU wants to raise up to 250 billion euros ($301 billion) using its first green bonds, and private funding is likely to follow into the approved industries seen helping reach a legally-binding goal to eliminate emissions. Forestry and bioenergy are in, while the controversial sectors of agriculture, natural gas and nuclear power have been excluded -- for now.