Europe
Is the Social Taxonomy still coming? + Energy crisis: new Commission proposals + Innovation ranking: Germany on the decline
Dear reader,
Yesterday, EU foreign ministers discussed new sanctions against Russia on the sidelines of the UN General Assembly in New York - a formal proposal is expected next week. It is already clear that reaching an agreement will be difficult, because Hungary is pulling in the completely opposite direction.
Is Social Taxonomy still coming? My colleague Leonie Düngefeld asked Antje Schneeweiß, rapporteur for Social Taxonomy in the responsible working group of the Platform on Sustainable Finance. Her answer was sobering. There is no lack of proposals from her working group, but rather a lack of political will, it seems.
The EU Commission remains reluctant to impose a price cap on gas. Nevertheless, the executive wants to speed up its independence from Russian energy imports and intends to propose new measures before the crisis meeting of energy ministers on September 30. Manuel Berkel has taken a look at everything that is already known about this.
