Andy Bounds and Alice Hancock of the Financial Times report that European businesses are pushing back on the EU’s green reporting regulations.
- Business leaders say that the EU’s green taxonomy reporting rules are unclear and burdensome to complete.
- One study found that it took companies as long as 150 to complete that their quarterly reports this year due to the EU’s various and overlapping regulations.
- Regulations like these are especially harmful for small businesses who do not have the means or bandwidth to complete these reviews while creating revenue.
- The U.S. can learn from Europe’s missteps and implement rules that make it easier for businesses to compete and drive clean innovation.
Read the full article here.