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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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