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Brussels expands the list of green investments and proposes to regulate sustainability rating agencies

The European Commission considers that the inclusion of more economic activities that cover the environmental objectives set by the EU will increase the usability and potential of the green taxonomy to increase sustainable investments in EU land

The European Commission has expanded on Tuesday the economic activities that contribute to mitigate climate change and that were not included until now in the so-called ‘green taxonomy’ of the European Union, a way for investors and companies to differentiate which projects affect the climate and the environment, while proposing a community regulation of sustainable rating agencies (ESG, for its acronym in English). This package, consisting of specific amendments to the EU Climate Taxonomy delegated act to expand the list of ‘green’ economic activities and a regulation to improve the reliability of ESG assessment activities.

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