“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 those investments more attractive to private capital, and stop ‘greenwashing’, where companies or investors overstate their eco-friendly credentials.”
