'No remaining carbon budget': Investors urge EU to ban fossil gas from green finance rulebook

Cecilia Keating
clock • 3 min read
The inclusion of gas and nuclear in the taxonomy has been widely criticised | Credit: iStock
Image:

The inclusion of gas and nuclear in the taxonomy has been widely criticised | Credit: iStock

Investors with €50tr assets under management group call on EU to revisit plan to sanction spending on some gas power plants under its new green finance rulebook

Major investors have urged the EU to amend its draft green investment rulebook to ensure that no fossil gas investments can be labelled sustainable, arguing their inclusion will hinder financiers' ability...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Microsoft signs its biggest renewable energy contract yet

Microsoft signs its biggest renewable energy contract yet

Deal with Brookfield will add 10.5GW of wind and solar in the US and Europe between 2026 and 2030

Heather Clancy, GreenBiz.com
clock 03 May 2024 • 2 min read
Report: Clean energy transition delay could see global warming spiral past 3C

Report: Clean energy transition delay could see global warming spiral past 3C

Geopolitical and policy shifts in several key economies over the past year have increased the risk of a slower than anticipated clean energy transition, WoodMackenzie warns

Michael Holder
clock 03 May 2024 • 5 min read
IEA: Only a fifth of major cities worldwide have set net zero targets

IEA: Only a fifth of major cities worldwide have set net zero targets

Reducing emissions in increasingly populous urban areas worldwide is 'essential' for meeting global climate and energy goals, yet few have net zero strategies in place, IEA warns

Michael Holder
clock 02 May 2024 • 5 min read