The brand-new law will put down 6 environmental objectives and enable economic activity to be identified as ecologically sustainable if it contributes to a minimum of among them without significantly hurting any of the others.Establishing clear”green
“criteria for investors is crucial to raising more public and personal financing for the EU to become carbon neutral by 2050 as set out in the European Green Offer. The European Commission approximates that Europe requires around EUR260 billion annually in extra investment over the next decade to achieve the present 2030 environment and energy targets.Avoid COVID-19 environment backslash In Parliament’s resolution from 15 May 2020, MEPs likewise called for investments under the COVID-19 healing strategy to be prioritised into the Green Deal and directed to projects and beneficiaries that abide by the Paris Agreement, the EU’s environment neutrality and biodiversity objectives.At the voting session starting on Thursday at 10.30, the President will advise that Plenary validate the contract reached with member states. If no changes to the new rules have been tabled, the legislation will then be thought about approved.Procedure: Normal legislative treatment(2nd reading)2018/0178(COD )Vote: Thursday, 18 June< a href="https://www.europarl.europa.eu/news/en/agenda/briefing/2020-06-17/7/green-finance-parliament-to-adopt-criteria-for-sustainable-investments"target="_ blank">
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