The European Commission said on Jan. 10 it had 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 rulebook to define which investments can be labelled as climate-friendly in the European Union. Brussels said on Jan. 10 its expert advisers will have until Jan. 21 to provide feedback on the draft proposal, rather than until Jan. 12 as initially planned.
The draft - which was leaked to some media organisations - has reignited disputes between EU countries, which disagree on whether gas and nuclear are green. Spain, Germany and Austria's governments are among those to publicly criticise the latest proposal. Once the EU's advisers give their feedback, Brussels will publish its final proposal. A super-majority of EU countries or the European Parliament could block it in the four months that follow. If they do not, the rules would enter into force.European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021.
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