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EU's Green Deal ambitions could starve defence industry of financing, warn officials

by Brooks Tigner

The European Commission (EC) must tread very carefully while framing its Green Deal sustainability criteria or risk quashing the financial sector's support for Europe's defence sector, warn top officials from industry and the European Union's (EU's) own defence policy and financial quarters.

Their worries focus on the EU's 18-month-old Taxonomy Directive (EU 2020/852) on sustainable investments. The directive lays down four overarching conditions that economic activities must meet to qualify as environmentally sustainable, the details of which the Commission will define in the coming months.

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https://www.janes.com/defence-news/news-detail/eus-green-deal-ambitions-could-starve-defence-industry-of-financing-warn-officials

The European Commission (EC) must tread very carefully while framing its Green Deal sustainability c...

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