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First glimpse of EU's green rules shows fight over climate goals

The European Union is poised to agree its first criteria for green investments on Wednesday, in a move that could set a benchmark for the world to follow.

EU flag | Photo: Yves Herman/REUTERS / X00380

The stakes are high: the EU wants to raise up to EUR 250bn using its first green bonds, and private funding is likely to follow into the approved industries seen helping reach its goal for net-zero emissions.

Investors will look to see if natural gas and nuclear power are out yet forestry and bioenergy are in, while companies will face disclosure requirements for their sustainability.

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