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EU Slammed by Experts as ‘Green’ Plan Adds Emissions Risk

  • Key report reveals that EU proposal may jeopardize CO2 goals
  • Europe on track to add gas and nuclear to its green rulebook
Updated on

The European Commission has been told by a key expert group that planned adjustments to its green rulebook risk raising greenhouse gas emissions and undermining the bloc’s reputation as a bastion for environmentally friendly finance.

The Platform on Sustainable Finance, which is one of just two groups assigned the role of providing official feedback to the EU Commission, said that even the best performing gas-fired facilities couldn’t qualify as green or transition assets, according to a report published on Monday.