EU overcomes nuclear divide to reach key green-finance deal

The European Union agreed on a landmark green-finance regulation, advancing the bloc’s push to embed environmental goals in standards for banks, money managers and insurers.

Photo: Yves Herman/Reuters/Ritzau Scanpix

EU lawmakers approved an accord on the list of sustainable activities late Monday, following agreement by the bloc’s member states earlier in the day. Policymakers had to overcome last-minute divisions over the kinds of technologies that should be eligible to be classified as green, with nuclear-energy proponents, including France, seeking revisions to an earlier version of the proposed rules.

“With this deal, we now have a common language and new rules for financial markets,” Pascal Canfin, a French member of the EU parliament, said in an email. The final compromise means that both nuclear and gas could under certain conditions be part of the green-finance list, he said.

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