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Climate Politics

EU’s Green Rulebook Suffers New Blow to Its Credibility

  • NGOs walk out in protest, citing politicization of process
  • EU Taxonomy was intended as an international gold standard
Monique Goyens

Monique Goyens

Photographer: Georges Gobet/AFP/Getty Images
Updated on

A group of non-governmental organizations that had been involved in writing the EU’s green taxonomy has walked out in protest.

They accuse the EU bodies steering the taxonomy of politicizing the process instead of basing decisions on science, according to a statement on Wednesday. As a result, five nonprofits have announced they will leave the EU Platform on Sustainable Finance, which provides technical advice to the EU Commission.