Council maintains nuclear as eligible for ‘green’ finance. EU ministers have decided not to exclude nuclear projects from being eligible for sustainable finance grants, despite the demands of a group of member states and the European Parliament. The EU’s 28 member states adopted on Wednesday their joint position on the new rules to clarify what represents sustainable finance. The transition towards a ‘greener’ economy will require billions of euros. To achieve the EU’s 2030 climate targets, the European Commission has estimated that around €180 billion a year of additional investments in energy efficiency and renewable energy will be needed. Private funding will play a key role in this effort. However, not all investments marketed as sustainable financing meet the necessary environmental credentials. In May last year the Commission proposed setting up an EU classification system, or taxonomy, that will help to identify what economic activities are considered as environmentally sustainable.
Euractiv 25th Sept 2019 read more »
Edie 26th Sept 2019 read more »
Nuclear row: EU green finance guide delayed as states debate what qualifies as ‘sustainable investment’.
Business Green 26th Sept 2019 read more »