While the European Investment Bank is making efforts to end fossil fuel funding, the Juncker Commission is doing its best to frustrate it – and to undermine Ursula von der Leyen, writes WWF’s Sébastien Godinot.
The EU is currently finalising a “taxonomy” aimed at shifting financial flows towards sustainable assets. However, Germany is leading a group of countries trying to muddy the waters by removing the disclosure requirement, writes Sébastien Godinot.
There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.
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