Bloomberg

EU faces major rebuttal over plan to call gas, nuclear 'green'

Europe's executive arm is facing an increasingly intense wave of pressure to abandon a proposal to add gas and nuclear power to its green rulebook.

Cooling towers release water vapor at the Nogent nuclear power plant in Nogent-sur-Seine, France, on Dec. 21, 2021. Foto: Bloomberg photo by Cyril Marcilhacy/Bloomberg

A key body created to help the European Union ensure it can reach net-zero carbon emissions by mid-century intends to slam the bloc's proposal, according to documents seen by Bloomberg on Thursday.

The rebuttal is set to be presented by the Platform on Sustainable Finance, according to the documents, which are still subject to change. The group is one of only two that the European Commission has consulted for feedback in a process that is due to end on Friday...

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