Is the EU backing away from its Green Deal commitments?

The European Union’s reputation for sustainability policies to combat climate change has been tarnished in the new legislative term, with delays in key policies like EUDR and a watering down of corporate sustainability reporting rules. This shift, influenced by US political and business interests, has seen major banks and corporations backtrack on sustainability commitments, with some even lobbying to be exempt from deforestation regulations. While some sectors prioritize profits over the planet, others support incentives for decarbonization and welcome exemptions for small and medium-sized enterprises from certain reporting requirements.

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