Investor group warns EU against labelling gas investments as green

Investing.com | Jan 12, 2022 at 2:01 PM
  • 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.