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Climate Politics

EU Lawmakers Remove Last Hurdle to Label Gas, Nuclear as Green

  • Parliament votes to approve including gas in taxonomy
  • Regulation will most likely enter into force at start of 2023
Updated on

European Union lawmakers voted to allow natural gas and nuclear energy to be labeled as green investments, removing the last major barrier to potentially billions of euros of funding from environmental investors.

Parliament fell short of the 353 votes needed to reject the inclusion of gas and nuclear technology in the EU’s so-called Taxonomy, a list of economic activities deemed in line with the bloc’s transition to climate neutrality. Barring an unlikely objection from member states, it now means the regulation will start at the beginning of next year.