"The European Commission has violated the spirit and letter of the law by labelling highly controversial and polluting energy sources as 'sustainable'," Green lawmaker Bas Eickhout, one of the signatories to a resolution to veto the rules, said.
European
Union lawmakers will attempt to block a plan to label gas and nuclear
energy as sustainable investments as Europe wrestles with reducing its
carbon dioxide emissions to address climate change.
The
European Commission, which is the EU executive, this year proposed
including gas and nuclear in the bloc's sustainable finance taxonomy, a
system for labelling climate-friendly investments.
The
Commission proposal was arrived at after nearly two years of internal
EU wrangling, and split opinion among members and lawmakers, who
disagree on the green credentials of gas and nuclear.
The
resolution brought by lawmakers said gas and nuclear could not be
considered sustainable based on the underlying EU law on the taxonomy,
and would cause confusion among investors.
EU lawmakers were not given "proper opportunity" to provide comments before the Commission published the proposal, it added...
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