Regrettably, the EU’s Taxonomy for Sustainable Activities has gone from proposing “real change” to “may be imperfect”. These are the polite words of EU financial services commissioner Mairead McGuinness. Less politely, Greta Thunberg judged that the taxonomy simply “takes greenwashing to a completely new level [since t]he people in power do not even pretend to care any more. They just label fossil gas as green and nuclear waste as pollution controllable over the next 100,000 years.”
Already an IPE Member? Sign in here
For unlimited access to IPE’s industry-leading market intelligence, comprising news, data and long-form content on European pensions and institutional investment.