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EU Endorses Low-Carbon Criteria for New Financial Market Indexes

Feb. 27, 2019, 7:50 PM

The European Union took an important step toward setting up new financial market indexes that could guide investors interested in projects and companies deemed climate friendly.

Legislation tentatively agreed to Feb. 25 by EU member states and the European Parliament would impose a series of low-carbon benchmarks that must be followed to assure investors that the greenhouse gas reduction claims of some projects and companies are legitimate.

The criteria are intended to help the bloc meet its commitments under the 2015 Paris climate agreement.

The types of projects and the companies at issue might include smart grid infrastructure, renewable energy ...