Advisers to slam EU plan to label gas, nuclear investments as green – draft – Reuters

Advisers to slam EU plan to label gas, nuclear investments as green – draft – Reuters

BRUSSELS, Jan 21 (Reuters) - Experts advising the European Union on its green investment rules will warn Brussels not to go ahead with draft plans to label gas and nuclear energy as sustainable, according to a document seen by Reuters.

The advisers are due to give feedback on Friday to the European Commission on its draft plan for the EU's "sustainable finance taxonomy", a list of economic activities that can be labelled as green investments. read more

In the document, the experts said the rules proposed by the Commission would give green labels to investments that fail to significantly help fight climate change, and said it should scrap part of its proposals for gas plants.