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Oil & Gas Technical Compendium

EU takes heat for labeling gas and nuclear power plants as “green” energy

The European Commission has been told by a key expert group that planned adjustments to its green rulebook risk raising greenhouse gas emissions and undermining the bloc’s reputation as a bastion for environmentally friendly finance.The Platform on Sustainable Finance, which is one of just two groups assigned the role of providing official feedback to the EU Commission, said that even the best performing gas-fired facilities couldn’t qualify as green or transition assets, according to a report published on Monday.The findings mark the latest body blow to the credibility of Europe’s green rulebook, once touted as an international gold standard in steering capital toward sustainable projects. But the Platform’s findings are unlikely to derail.....

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