EU drafts plan to label gas and nuclear investments as green

Posted on AllSides January 1st, 2022
From The Center
REUTERS/Benoit Tessier

The European Union has drawn up plans to label some natural gas and nuclear energy projects as "green" investments after a year-long battle between governments over which investments are truly climate-friendly.

The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU "sustainable finance taxonomy."

This is a list of economic activities and the environmental criteria they must meet to be labelled as green investments.

By restricting the "green" label to truly climate-friendly projects, the system aims to make...

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https://www.reuters.com/markets/commodities/eu-drafts-plan-label-gas-nuclear-investments-green-2022-01-01/

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