What Will the New European Parliament do to Sustainable Finance? Kopiera

European Elections Night 2024

Although the EU’s political landscape may appear unchanged following last weekend’s general rejection of extreme right-wing eurosceptic and climate sceptic parties at the European Parliament (EP) elections, the political winds seem to be blowing against further climate initiatives and sustainable finance.

Although the centre parties (S&D, Renew and EPP) still have a (56%) majority of the seats in the parliament, it should be noted that members of the European Parliament (MEPs) from the centre-right EPP have recently expressed resistance to climate initiatives, which is now expected to increase.

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