Energy

EU backlash over plans to label nuclear and gas as ‘green’

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Wind turbine and cooling towers of the Cruas-Meysse nuclear power plant in France, April 12, 2021.

Jean-Marie HOSATTE | Gamma-Rapho | Getty Images

The European Union has prompted a furious backlash over plans to label nuclear and gas as “green” investments, with Germany describing the proposal as “greenwashing” and Austria repeating its threat to sue the European Commission.

The commission, the EU’s executive arm, was accused of trying to minimize scrutiny by presenting its long-delayed “sustainable finance taxonomy” rules to member states at 10 p.m. on New Year’s Eve.

An official expert group now has until Jan. 12 to provide a formal response to the EU’s draft proposal and the commission…



Source cnbc.com

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