EU’s plan to include gas, nuclear in ‘green’ ranking leaves investors confused

A controversial EU plan to include nuclear and natural gas in its ranking of sustainable investments is confusing and could lead to further greenwashing, investors told CNBC.

The European Commission, the executive arm of the EU, wants to make it easier for financial markets to decide what is a sustainable investment. As such, it is putting forward a green classification system, or taxonomy, aimed at making sustainable investing more transparent.

The categorization has been sharply criticized for including natural gas and nuclear energy. The commission sees both…