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EU Lawmakers Ditch Green Bond Standard Plan to Cut Nuclear, Gas

May 13, 2022, 3:02 PM

EU lawmakers have abandoned plans to shelve nuclear and gas power from the green bond standard regulation, amid widespread opposition.

Members of the European Parliament’s economy committee failed to build enough support for an amendment that would have excluded the two controversial technologies from the rules, according to an email seen by Bloomberg sent by the lawmaker in charge of the file Paul Tang to lawmakers.

The EU’s green bond standard is part of the bloc’s efforts to combat the practice of “greenwashing,” where the environmental credentials of an asset or company are misrepresented or overstated. The taxonomy, which ...

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