EU Weighs Giving Some Gas and Nuclear Projects Green Investment Label
- European Commission is drafting sustainability criteria rules
- Green classification for gas and nuclear divides EU members
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The European Union is considering allowing some natural-gas and nuclear energy projects to be labeled as green investments -- as a temporary measure -- in a move that could help the shift to net zero but will also upset environmentalists.
The European Commission is weighing whether to classify as sustainable investment in gas plants that replace coal and emit no more than 270 grams of carbon dioxide equivalent per kilowatt-hour, according to two people with knowledge of the matter. The projects would have to be finalized by 2030, said the people, who asked not to be identified as the talks on the proposal are private.