'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 ...

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Cecilia Keating
Author spotlight

Cecilia Keating

Features Editor

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