The latest tech news about the world’s best (and worst) hardware, apps, games and Product Reviews much more. From top companies like Google and Apple. The latest tech news about the world’s best (and worst) hardware, apps, games and Product Reviews much more. From top companies like Google and Apple.
The European Commission is expected to propose rules in January to decide whether nuclear and gas projects are included in the EU’s “sustainable finance taxonomy”. This is a list of the economic activities and environmental criteria that must be met in order to be labeled as a green investment. By restricting the “green” label to really climate-friendly projects, the system aims to make these investments more attractive for private equity and to stop “greenwashing”, in which companies or investors exaggerate their eco-friendly credentials. Brussels has also taken steps to apply the system to some EU funds, which means the rules could decide which projects are eligible for specific public funding. A draft of the Commission’s proposal, seen by Reuters, would label investments in nuclear power plants as green if the project has a plan, resources and location to dispose of radioactive waste. In order to be considered green, new nuclear power plants must obtain a building permit before 2045. Investments in natural gas power plants are also considered green if they emit less than 270 g of CO2 equivalent per kilowatt hour (kWh), replace a more environmentally harmful power plant with fossil fuels, receive a building permit by December 31,2030 and it is planned to switch to low-carbon gases by the end of 2035.
