A controversial EU plan to include nuclear and natural gas in its ranking of sustainable energy sources could lead to further greenwashing, investors told CNBC.
The commission sees natural gas and nuclear as means to "facilitate the transition towards a predominantly renewable-based future."
The plan has not yet become law, but investors, who are meant to benefit from clearer guidance, have raised some concerns.Bloomberg | Bloomberg | Getty Images The European Commission, the executive arm of the EU, wants to make it easier for financial markets to decide what is a sustainable investment. As such, it is putting forward a green classification system, or taxonomy, aimed at making sustainable investing more transparent.The commission sees both sources as a means to "facilitate the transition towards a predominantly renewable-based future.
The plan has not yet become law, but investors — who are meant to benefit from clearer guidance — have raised some concerns.
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