Smoke billows from a chimney at a combined-cycle gas turbine power plant in Drogenbos, Belgium April 27, 2021. REUTERS/Yves Herman/File Photo
Register now for FREE unlimited access to Reuters.com
Register
- Expert group to give feedback on EU proposal by Friday
- Draft rules ‘not well suited’ to green financial products
- Chief of EU advisers flags concerns over draft proposal
LONDON/BRUSSELS, Jan 17 (Reuters) – Experts advising on the European Union’s sustainable finance taxonomy are concerned a draft plan to include gas and nuclear relies too heavily on promises to make those fuels green in future, rather than assessing their real impact today.
Nathan Fabian, who chairs the expert group, said some advisers were concerned the draft risked hurting the taxonomy’s mission to provide clarity to investors about the environmental impact of investments.
“The new criteria do have weaknesses that mean that they’re not well suited to sustainable finance products,” Fabian told Reuters on Monday, ahead of a Friday deadline for the group to give feedback on the European Commission’s …….
