Campaigners begin legal fight against EU green investment rules - documents

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Climate campaigners have started the process of a legal challenge against the European Union over the labelling of investments in bioenergy and plastics as green in its flagship sustainable finance rulebook.

The challenges concern the EU's sustainable finance taxonomy, a system that restricts which investments can be labelled as climate-friendly, and which the EU hopes investors will use to guide more capital to low-carbon projects.

The Commission is facing the threat of separate legal action from some EU countries over a second set of taxonomy rules, unveiled this week, that would label gas and nuclear investments as green - although those rules have yet to enter into force.A group of NGOs led by the non-profit Partnership for Policy Integrity and the Lifescape Project also asked the Commission to review the bioenergy rules on Wednesday.

"The Commission is currently encouraging investment into biomass under a false label of sustainability, disregarding the clear scientific warnings over the harm it will cause to the climate and biodiversity," ClientEarth lawyer Filippo Mattioli said.

 

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