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EU green finance plans risk becoming greenwashing tool for climate-harming investments
Press releases
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The EU Taxonomy – the bloc’s classification system to define which investments can be called ‘sustainable’ – risks becoming little more than a greenwashing tool following the inclusion of climate-harming practices in sectors like forestry and bio energy. These plans are set to undermine the EU’s Green Deal – supposed to make the EU a frontrunner in the climate fight – and prevent Europe delivering on its climate goals.