EU says nuclear and gas are green

Germany and other member states criticise European Commission proposals to include nuclear in sustainable finance taxonomy

The European Commission has set out proposals to add nuclear power and natural gas to its sustainable finance taxonomy, potentially unlocking a new wave of private sector investment in these energy sources despite fierce criticism from Germany and other member states. The Commission has given member states until 12 January to offer feedback on the text of the Taxonomy Complementary Delegated Act, which proposes to classify nuclear and gas investments as green. Gas and nuclear’s inclusion in the green taxonomy would give the private sector confidence to invest in both sectors as legitimate elements of the transition and the EU’s push for net-zero emissions. “The EU taxonomy guides and mobilis