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EU Criteria For Green Assets Need More Work, Insurers Say

Law360, London (March 5, 2019, 7:14 PM GMT) -- The European Commission has more work to do to make its proposed list of assets and activities that meet EU goals on climate change easy for investors to use, Europe’s insurers said on Tuesday.

Insurance Europe said that the commission’s “taxonomy” — or criteria — of investments and financing activities that are considered to promote sustainable economic growth is a “step in the right direction.” But the commission must do more to make the detailed criteria simple enough for investors to understand.

A complicated list may deter consumers from wanting to invest in green products, the group warned.

“The proposed work...

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