EU aims to unveil green rules for gas, nuclear projects Dec. 22

The European Union is likely to unveil on Dec. 22 its plan for how natural-gas and nuclear-energy projects would be classified under its green investment rules.

FILE PHOTO: EU flags flutter in front of the European Commission headquarters in Brussels, Belgium October 2, 2019. REUTERS/Yves Herman/File Photo | Photo: Yves Herman/REUTERS / X00380

The long-awaited verdict is dividing the bloc's 27 member states and some investors, who argue that fossil fuels and nuclear should have no place in the sustainability rulebook, which is designed to help the EU reach climate neutrality by 2050.

The proposal by the European Commission would come after a meeting of EU heads of government on Dec. 16, where the so-called taxonomy is expected to be discussed.

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