The European Commission proposal to include some natural gas and nuclear projects in the list of environmentally sustainable economic activities has not yet been blocked.
- Jul 06, 2022, 10:00 AM CDT
The EU could reject the “green” status for gas and nuclear if 20 out of the EU’s 27 member states reject it, which is highly unlikely, analysts say.The European Parliament did not block on Wednesday a European Commission proposal to include some natural gas and nuclear projects in the list of environmentally sustainable economic activities, paving the way for the EU to include such projects in its so-called “green” investments.
The EU could reject the “green” status for gas and nuclear if 20 out of the EU’s 27 member states reject it, which is highly unlikely, analysts say. earlier this year its Taxonomy Complementary Climate Delegated Act on climate change mitigation and adaptation covering certain gas and nuclear activities. Under the new taxonomy, some gas projects, including several pipelines, were given a “sustainable investment” status.
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