The Commission welcomed the decision of the Plenary European Parliament not to exercise its right to object to the additional delegated act which includes natural gas and nuclear energy in the classification defining which energy projects will be considered "green" for financing purposes in the European Union.
The Communication stresses that natural gas and nuclear energy will be included in the taxonomy "as transitional activities in a limited number of cases and under strict conditions" and as intermediate steps in the transition towards more renewable energy sources, which continue to be the focus of future investments.
In a statement Commissioner Marade Maginese, responsible for financial services issues, said the delegated act is "a pragmatic proposal to ensure that private investment in gas and nuclear energy, which is essential for our energy transition, is in line with strict criteria."
"Investment in renewables is already a priority in our classification these are our future," he stressed, adding that the proposal "ensures transparency so that investors know where they are investing."
Following the decision by both the Council and the Parliament not to raise objections under the foreseen procedures, the new classification will apply from 1 January 2023.
Source: CNA
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