'Biggest greenwashing exercise of all time': EU presses ahead with inclusion of fossil gas in green investment taxonomy

'To align flows with Paris Agreement'

Cecilia Keating
clock • 5 min read

Criteria for gas plants’ inclusion in EU green finance rulebook set out in official documents are less stringent than leaked proposals, sparking fierce criticism from environmental campaigners

The European Commission has confirmed it intends to press ahead with controversial plans to allow certain fossil gas investments to be labelled as 'green' under its new sustainable investment taxonomy, prompting outcry from climate experts who have warned the proposals are ripe for legal action. Through legal text it set out how the EU proposes to classify fossil gas and nuclear activities in its new sustainable finance rulebook are broadly in line with a text leaked on New Year's Eve, which stated that investments in some fossil gas power plants with a construction permit by 2030 could ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read