Environmental groups took the European Commission to court on Tuesday (18 April) after the EU executive rejected their request to withdraw fossil gas from the EU’s sustainable finance taxonomy.
In a controversial move last year, the European Commission gave gas power plants a ‘sustainable’ label under the EU’s green finance taxonomy, provided they meet a strict CO2 emissions threshold.
Gas power plants will be considered as a “transitional” technology under the EU taxonomy provided they replace existing coal-fired power stations, and “subject to clear limits and phase-out periods”, the EU executive said.