The Cyprus Conservation Basis referred to a severe environmental mistake by the European Fee since in a single day the European Fee has finished an entire U-turn classifying fossil gasoline and nuclear as “inexperienced investments.”
The Cyprus Conservation Basis claimed that the European Fee succumbed to the strain by a gaggle of member-states. In 2020, the European Union adopted Regulation (EU) 2020/852 on the institution of a framework to facilitate sustainable funding. The proposed Taxonomy Regulation establishes an EU-wide classification system or ‘framework’ meant to supply companies and traders with a typical language to determine to what diploma financial actions could be thought of environmentally sustainable.
Sadly, with a Complementary Delegated Act, the European Fee categorised sure gasoline and nuclear actions as “inexperienced investments.”