EU Moves to Label Nuclear, Natural Gas Energy as ‘Green’
The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a yearlong 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 labeled as green investments. Green label By restricting the “green” label to truly climate-friendly projects, the system aims to make those investments more attractive to private capital and …