January 11, 2022 Read More →

European Commission postpones deadline on gas, nuclear proposal

Reuters:

The European Commission said on Monday it has delayed to later this month the deadline for experts to give feedback on divisive plans to allow some natural gas and nuclear energy projects to be labelled as sustainable investments.

The Commission drafted a plan late last year to add some gas and nuclear investments to the European Union’s “taxonomy,” its rule book to define which investments can be labelled as climate-friendly in the EU.

Brussels said on Monday its expert advisers will have until Jan. 21 to provide feedback on the draft proposal, rather than until Jan. 12 as initially planned.

“The deadline has been postponed by a week and the reason is basically to give a bit more time to the platform to provide its views,” European Commission Chief Spokesperson Eric Mamer told a news briefing, referring to the “platform” of advisers from industry, NGOs and the finance sector.

The Commission shared the draft with its advisers late on New Year’s Eve, setting a deadline that campaigners said was too short and limited scrutiny of the rules – suggestions rejected by the EU’s executive.

[Kate Abnett]

More: EU delays deadline on green investment rules for nuclear and gas

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