Category: Corporate Purpose
Meanwhile, Net Zero Asset Owner Alliance tells RI it won’t issue a statement on European Commission’s controversial plans, despite reports Meanwhile, Net Zero Asset Owner Alliance tells RI it won’t issue a statement on European Commission’s controversial… Meanwhile, Net Zero Asset Owner Alliance tells RI it won’t issue a statement on European Commission’s controversial plans, despite reports
Jan 18th, 2022
The research arm of US financial heavyweight Goldman Sachs has weighed in on the EU’s controversial plans for its green taxonomy, suggesting that the inclusion of natural gas and nuclear power in its classification system “opens the door to more nuanced views” on what constitutes green.
On New Year’s Eve, the European Commission sent a draft legal text to member states as well as members of the EU Platform on Sustainable Finance, a 57-strong group of advisors including financial market players, academics and NGOs, with details on how it plans to classify nuclear and natural gas activities in the EU Taxonomy.
The proposal, which would see nuclear and some natural gas activities labelled green, has prompted a strong backlash, including from $50trn investor coalition, the Institutional Investors Group on Climate Change (IIGCC), who warned the EU last week that its plan to include gas in the taxonomy “>?warned the EU last week that it