EU Fractures Dream of Gold Standard for Green Market Investors
- Bloc set to allow some gas and nuclear to be ‘sustainable’
- Funds say will undermine standards, create two-tier market
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The European Union is ripping up the green investing playbook with plans to allow some gas and nuclear projects to be called sustainable.
The bloc is poised to include these kinds of power generation with conditions in its rulebook for sustainable activities, or taxonomy. That’s divided the fund community, as some worry their holdings will no longer be in line with the rules, while others think it’s a necessary compromise to transition to a cleaner economy.