Investors will reject EU ‘green’ label for gas and nuclear

3 comments
  1. > An international group of 60 investors representing around €9 trillion has warned against including gas and nuclear in the new European taxonomy [classification] on sustainable finance.

    > […] including Allianz SE, AXA Group, BNP Paribas, Banco Santander and Barclays, now say they prefer the commission to keep nuclear and gas out of the sustainable-labelling taxonomy and create a separate piece of legislation for investors who want to keep funding fossil fuels.

    > But France, the Czech Republic, Poland and other member states made a push to include gas and nuclear in the taxonomy at the last European Council summit in October.

    > At the EU Council, a draft proposal for 340 grams per kilowatt-hour was circulated among member states.

    > Most gas-powered stations and almost all nuclear energy would be included in the sustainable taxonomy.

Leave a Reply