Politics
Europe Drafts Green Investment Standards From Cars to Houses
- EU regulator to propose green label criteria on April 21
- New measures aim to spur spending on low-carbon projects
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Europe is seeking to define what qualifies as green across the economy in a bid to attract billions of euros into projects compatible with its ambition of becoming the world’s first climate-neutral continent.
The European Union’s regulatory arm will next week unveil the first set of criteria for investment decisions in the unprecedented transition to a low-carbon economy. The standards for whether an activity contributes to the fight against climate change will cover dozens of industries, from transport to water supply and renewable energy.