EU Delays Deadline on Green Investment Rules for Nuclear, Natural Gas

The draft has reignited disputes between EU countries, which disagree on whether natural gas and nuclear are green.

Kate Abnett, Reuters

The European Commission said on Jan. 10 it has delayed to later this month the deadline for experts to give feedback on divisive plans to allow some natural gas and nuclear energy projects to be labeled as sustainable investments.

The Commission drafted a plan late last year to add some gas and nuclear investments to the European Union's “taxonomy,” its rule book to define which investments can be labeled as climate-friendly in the EU.

Brussels said on Jan. 10 its expert advisers will have until Jan. 21 to provide feedback on the draft proposal, rather than until Jan. 12 as initially planned.

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