The European Union voted earlier this week to keep some specific uses of natural gas and nuclear energy in its taxonomy of sustainable sources of energy.
"The EU Taxonomy now falls short of its own initial goal, which was to prevent greenwashing in the financial system. Investors, companies and consumers will now be looking elsewhere for the science-based clarity and credibility they need," Tubiana said.
"The fact that a legislative body as environmentally focused as the European Parliament has been now recognizes the role that both natural gas and nuclear must play to ensure the continent's energy security and stability is a welcome shift in outlook that should serve as an example worth of emulation by the Biden administration."
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