Analysis | Why EU Climate Weapon Is in the Financial Fine Print

The fight against climate change involves more than wind turbines and electric sports cars. A less obvious but potentially potent tool is the fine print of financial regulations. The European Union is embedding environmental goals in standards for banks, money managers, insurers and member states’ public spending plans, in the hope of directing trillions of euros to fund a radical revision of the region’s economy. Skeptics warn that some of the rules are veering too far from initial scientific p
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