The European Union is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens.
The European Commission wants to give a temporary green label to gas projects that replace coal and emit no more than 270 grams of carbon dioxide equivalent per kilowatt-hour, according to a draft regulation seen by Bloomberg News. Such plants would have to obtain construction permits before the end of 2030, and have plans to switch to renewable or low-carbon gases by the end of 2035.
