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

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

South Africa News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines