Germany wants to avoid escalation in EU dispute over green finance rules

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The European Commission's decision to include gas and nuclear investments in the European Union's 'sustainable finance taxonomy' rules was circulated in a draft proposal late on December 31 - a timing which was criticised by European lawmakers.

German Chancellor Olaf Scholz's three-way coalition government, consisting of the centre-left Social Democrats, the ecologist Greens and the business-friendly Free Democrats, is also split on the matter.

Behind closed doors, leaders of the three parties agreed to avoid a fight against the European Commission's compromise proposal and simply abstain in the vote when EU leaders will have their final say at a summit later this year, two people familiar with the decision said on condition of anonymity.

 

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