Court rules Europe can call nuclear and natural gas sustainable investments for its green transition
Nuclear energy and natural gas will still be considered environmentally sustainable investments in the European Union following a court ruling Wednesday, potentially driving massive amounts of financing toward projects that are not widely considered “green.”
Austria had sued the European Commission, the bloc’s executive, over the inclusion of gas and nuclear in the EU’s classification system for environmentally sustainable economic activities. The system helps direct investments to the projects that are most needed to cut planet-warming greenhouse gas emissions.
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