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How credible are EU member states, portraying themselves as climate champions, while letting their financial industry generate profits from its deadliest investments? (Photo: Mika Baumeister)

Will EU give greenlight to finance industry to fuel climate crisis?

In a few weeks' time, the EU will decide on the content of its Corporate Sustainability Due Diligence Directive (CSDDD). The directive provides a unique opportunity to regulate the impact of EU companies beyond its borders, with a focus on human rights violations and environmental destruction; including fuelling the climate crisis.

But ongoing negotiations on the...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Jean-Pascal Van Ypersele is a former vice-chair of the IPCC, and and professor of climate and environmental sciences at the Université Catholique de Louvain (UCLouvain). Olivier de Schutter is a Belgian legal scholar and UN special rapporteur on extreme poverty and human rights. Riccardo Mastini is an environmental economist. This op-ed is also signed by the directors of Climate Action Network Europe, Friends of the Earth Europe, and Action Aid.

How credible are EU member states, portraying themselves as climate champions, while letting their financial industry generate profits from its deadliest investments? (Photo: Mika Baumeister)

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Author Bio

Jean-Pascal Van Ypersele is a former vice-chair of the IPCC, and and professor of climate and environmental sciences at the Université Catholique de Louvain (UCLouvain). Olivier de Schutter is a Belgian legal scholar and UN special rapporteur on extreme poverty and human rights. Riccardo Mastini is an environmental economist. This op-ed is also signed by the directors of Climate Action Network Europe, Friends of the Earth Europe, and Action Aid.

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