the European Court of Justice (ECJ) would have to succeed, according to Reichert, since it is not just a "non-essential", detailed technical regulation. "The ECJ would therefore have to
non-genuine ones, to fight back the phenomenon of companies being funded as green while they are actually just reported as such (so called "greenwashing"). The taxonomy should, as a consequence, improve the financing
market is, however, unlikely to be achievable by way of such a treaty. For the EU, Brexit is more than just an embarrassment. If, in the forthcoming negotiations with the United Kingdom, the group of Member