MEPs demand change to taxonomy proposals
EU must drop gas from green taxonomy proposal – MEPs
European Parliament members say inclusion of gas in green finance taxonomy undermines response to invasion of Ukraine
A group of 104 members of the European Parliament has demanded the European Commission abandon proposals to include gas in its sustainable finance taxonomy. The MEPs argue the inclusion of gas under a delegated act proposed before the invasion of Ukraine undermines Europe’s efforts to end its reliance on Russian gas in response to the crisis and must be dropped. The taxonomy defines sustainable projects and acts as a key investment driver for the sectors included. A plan called RepowerEU, unveiled by the Commission last week, calls for Europe to respond to Moscow’s actions by becoming independent of Russian gas—which provided 45pc of imports in 2021— well before 2030. Under the plan, the EU
Also in this section
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
