European MEPs have voted in favour of the EU Commission’s proposal to label gas as ‘green’ in the EU’s taxonomy of sustainable investments.

Luca Bonaccorsi, sustainable finance director at T&E, said: “This must be the biggest act of greenwashing in history; enacted by the same people that are supposed to protect us from the climate crisis. The laws of nature don’t lie, but the taxonomy does. This bill will not stand up to the many legal challenges being announced, and it will be shunned by investors.”
The provisions allow all new gas plants to be labelled green under the condition that they will be used ‘sparingly’.

Share Story: