EU focuses on green investment

The governments of the European Union countries and the European Parliament will today conclude a groundbreaking agreement on the classification of ecological investments. For the first time, a regulatory authority has developed a system for labeling what is considered a sustainable financial product.
 
The green mark will be the highest standard available to investors and is likely to cover renewable technologies and clean energy products such as wind and solar energy. Nuclear power will not be treated as green investment, but Poland, France, and the Czech Republic have managed to negotiate that it can be classified as a technology that helps in the transition to carbon neutrality.
 
However, EU officials first and foremost hope that investors will receive more guidance and thus incentives to finance green technologies in accordance with the rules, directing the money stream towards carbon-neutral projects.
 
(Financial Times)