Gustavo Bernal Torres
Brussels Faces Threat Of Legal Challenge Over Sustainable Finance Rules
Austria and Luxembourg say they will pursue lawsuit over so-called green ‘taxonomy’ rules.
Brussels is facing the threat of legal action and the potential sidelining of its landmark sustainable finance rules by EU governments that do not want nuclear power or natural gas to be labelled as green investments.
Energy ministers from Austria and Luxembourg told the Financial Times that they would pursue a lawsuit against the European Commission over its so-called green “taxonomy” rules, while a Spanish deputy prime minister said Madrid could opt to use its own green framework, excluding nuclear power and natural gas.