The European Commission’s decision to include gas and nuclear investments in the European Union’s “sustainable finance taxonomy” rules was circulated in a draft proposal late on Dec. 31 – a timing which was criticised by European lawmakers. During months of heated debate on the proposals, Germany and other EU member states argued that gas investments were needed to help them quit more-polluting coal. Others said labelling a fossil fuel as green would undermine the credibility of the EU as it seeks to be a global leader in tackling climate change.
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