The European Commission is set to propose rules on Wednesday to allow some gas and nuclear power plants to be labelled as green investments, with minor changes to a previous draft proposal, a Commission source told Reuters.
Brussels has been attempting for more than a year to settle whether gas and nuclear energy should be labelled as green in the EU's taxonomy, a rulebook that defines which investments can be marketed as climate-friendly.
The draft would have granted gas plants a green label until 2030 if they meet criteria including emissions limits, and a requirement to progressively burn more low-carbon gases, starting in 2026 and eventually switching to 100% low-carbon gas in 2035. The rules have not yet been adopted by the Commission and could change before they are due to be published on Wednesday.
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