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EU Committees Object to Gas & Nuclear Taxonomy

ENERGY

Two European Parliament committees voted to oppose including gas and nuclear as climate friendly investments during the energy transition.

  • The committees supported a resolution to block the inclusion of gas and nuclear in the EU’s taxonomy. The taxonomy is a list of sustainable investments used to support climate change targets.
  • The objection says they cannot be considered sustainable based on existing EU laws and labelling them as green would confuse investors.
  • A full parliament vote on the issue will take place in early July.
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