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The Guardian:

The European Commission is facing a furious backlash over plans to allow gas and nuclear to be labelled as “green” investments, as Germany’s economy minister led the charge against “greenwashing”.

The EU executive was accused of trying to bury the proposals by releasing long-delayed technical rules on its green investment guidebook to diplomats on New Year’s Eve, hours before a deadline expired.

The draft proposals seen by the Guardian would allow gas and nuclear to be included in the EU “taxonomy of environmentally sustainable economic activities”, subject to certain conditions.

The taxonomy is a classification system intended to direct billions to clean-energy projects to meet the EU goal of net zero emissions by 2050.

Robert Habeck, who became the economy and climate action minister last month as part of a traffic-light coalition of Social Democrats, business-friendly Free Democrats (FDP) and Greens, said the plans “water down the good label for sustainability”. Habeck, a co-leader of the Greens, also told the German press agency dpa it was “questionable whether this greenwashing will even find acceptance on the financial market”.

[Jennifer Rankin]

More: Fury as EU moves ahead with plans to label gas and nuclear as ‘green’

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