Two European Parliament committees vote on Tuesday on an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, and the outcome may indicate whether the full parliament will support or reject the rules next month. The European Union’s executive body, the European Commission, wants to include gas and nuclear energy in the bloc’s sustainable finance taxonomy, an investor rulebook designed to help raise massive amounts of private capital to meet EU climate change targets. EU countries and MEPs are split, however, over whether the fuels are green enough to earn that label – and could yet reject the EU proposal.
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