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EU Unveils Controversial Green Label for Gas and Nuclear

  • European Commission announces clean investment rulebook
  • Member states are divided over what should be included
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The European Union unveiled how it plans to label investments in some gas and nuclear projects as sustainable, a move that has divided member states as the energy transition collides with political reality.

The European Commission on Wednesday announced technical amendments to its draft green-label criteria and proposed strengthening disclosure rules to ensure more transparency for investors. Yet the changes failed to alleviate concerns by environmental activists and some investors over the risk of greenwashing and diverting money away from renewables.