- A coalition of investors managing 50 trillion euros ($56.81 trillion) has warned the European Union not to label natural gas investments as sustainable, saying Brussels’ draft plan to do so would weaken its global leadership on green finance.
- Experts had advised the Commission not to label gas plants as green investments unless they met a 100g CO2e/kWh emissions limit.
- The Commission’s initial proposal for the rules had included that limit, but it faced opposition from countries including Poland and Hungary.
Investor group warns EU against labelling gas investments as green
