EU's green gas and nuclear investment rules head for final vote

5/7/2022 12:33

        The EU's plan to label investments in gas and nuclear power plants as climate-friendly faces a final vote on Wednesday when European lawmakers decide
        whether to accept or reject proposals that have divided governments and investors.
        
        The vote is the final hurdle in the European Union's long-delayed decision on whether to add the two energy sources to its "taxonomy", a rulebook determining which investments can be marketed in Europe as being sustainable.
        
        Designed to guide private capital towards truly green projects, the rules aim to set a European standard for sustainable investment and stamp out greenwashing among the myriad so-called eco-friendly products on the market.
        
        But the debate about investments that can be marketed as green has morphed into a broader political stand-off over which fuels Europe should invest in to fight climate change and replace Russian gas.