The European Parliament has today voted for new rules on sustainable investments.
The majority of MEPs approved legislation that allows an economic activity to be labelled as environmentally sustainable if it contributes to at least one of six green objectives.
The aim of the new law is to establish European “green” criteria for investors so that the EU can become carbon neutral by 2050.
The legislation will also mean that all financial products that claim to be sustainable will have to prove it following strict EU criteria.
The Green Party MEP Ciarán Cuffe says Green policies are likely to influence many aspects of our lives going forward.
Out words: what’s happening