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The deal was held up by debates about just how 'green' nuclear and gas really were (Photo: Chris Potter/StockMonkeys.com)

EU reaches deal to define 'sustainable' investment

The Finish EU presidency, European Commission and the European Parliament on Monday evening (16 December) all agreed on the common classification system for environmentally-sustainable investments - after disputes on whether gas and nuclear can be considered "green".

"With this deal, we now have a common language and new rules for financial markets," said Pascal Canfin, a French MEP who chairs the European Parliament's environment committee.

The agreement is the first step to set...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

The deal was held up by debates about just how 'green' nuclear and gas really were (Photo: Chris Potter/StockMonkeys.com)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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