EU drafts plan to label gas and nuclear investments as green
Posted on AllSides January 1st, 2022
From The Center
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...