EU Denies Trying to ‘Bury’ Green Investment Plan with NYE Release

The EU argues that the inclusion of both gas and nuclear in its taxonomy, meant to guide investment in energy projects, is just to facilitate a transition to fully renewable energy production.

John Chalmers, Reuters

The EU’s executive on Jan. 3 rejected suggestions it waited until New Year’s Eve to publish divisive proposals to allow some natural gas and nuclear energy projects to be labeled as sustainable, saying “we weren’t trying to do it on the sly.”

The Commission’s decision to include gas and nuclear investments in the EU’s “sustainable finance taxonomy” rules was circulated in a draft proposal late on Dec. 31 and leaked to some media organizations.

“Short of digging an actual hole, the European Commission couldn’t have tried harder to bury this proposal,” said Henry Eviston, spokesman on sustainable finance at the European Policy Office of the environmental group WWF.

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