The European Parliament supported EU rules labelling investments in gas and nuclear power plants as climate-friendly.
According to Reuters, the vote paves the way for the European Union proposal to pass into law, unless 20 of the bloc’s 27 member states decide to oppose the move.
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The new rules will add gas and nuclear power plants to the EU “taxonomy” rulebook from 2023, enabling investors to label and market investments in them as green.
Out of 639 lawmakers present, 328 opposed a motion that sought to block the EU gas and nuclear proposals.
The European Commission welcomed the result, after proposing the rules in February, due to a year of delay and intense lobbying from governments and industries.
The Complementary Delegated Act is a pragmatic proposal to ensure that private investments in gas and nuclear, needed for our energy transition, meet strict criteria
EU financial services chief Mairead McGuinness said.
On the other hand, Luca Bonaccorsi, sustainable finance director at T&E, said:
This must be the biggest act of greenwashing in history; enacted by the same people that are supposed to protect us from the climate crisis. The sun won’t set in the east just because a bunch of complicit politicians say so in a law. Nor will gas ever be clean and renewable
