Stranded Assets
EU’s Proposed Green Labels Have Lost Their Link to Science
Luckily, investors and financial regulators can still fix it
The Staudinger coal and gas power plant, operated by Uniper SE, in Grosskrotsenberg, Germany, on Feb. 15, 2022.
Photographer: Ben Kilb/BloombergThis article is for subscribers only.
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The grand European plan to create a definitive, science-based taxonomy of green financial assets is in tatters.