Gas and nuclear get green classification for investment – McGuinness

The European Commission today announced details of new finance rules that classify certain nuclear power and natural gas activities as sustainable energy sources for private investment purposes.

The new rules are part of the EU’s Taxonomy classification system. It’s supposed to help investors identify sustainable economic activities that complement the EU’s environmental and climate objectives.

But there’s been strong opposition from several quarters to the inclusion of gas and nuclear power in the taxonomy classification system.

This morning the European Commissioner Mairead McGuinness defended their inclusion saying they were needed to facilitate the transition to climate neutrality.

Out words: these sectors

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