German industry criticises gas omission from EU green taxonomy

Uncertainty over green status of natural gas in the EU could hamper investment

Germany utilities industry association BDEW has accused the European Commission of “jeopardising” investment in the transition by delaying a decision on whether to label natural gas as a sustainable investment under new taxonomy regulations published this week. The EU Taxonomy Climate Delegated Act, due for formal adoption in May, is designed to define sustainable technologies and businesses to help steer investment towards supporting the transition. “It is bad news that regulations for the decarbonisation of gaseous fuels have been excluded from the legislative act adopted" Andreae, BDEW But the current taxonomy text does not include natural gas or nuclear power, both of whi

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