EU proposes rules to label some gas and nuclear investments as green

Investments in some gas and nuclear power plants would be labeled as sustainable under rules proposed by the European Commission on Wednesday, a plan that has split countries and investors, and which some lawmakers will attempt to block.

Brussels has taken more than a year to decide if gas and nuclear energy should count as green investments in the EU's taxonomy, an investor rulebook designed to help raise massive amounts of private capital to meet EU climate change targets.

In final rules published on Wednesday, gas power plants would be labeled green this decade if they emit less than 270g of CO2 equivalent per kilowatt-hour, or have annual emissions below 550kg CO2e per kilowatt over 20 years.