The environmental organisation ClientEarth sent a letter to the European Commission on Tuesday 5 October, calling on it not to include fossil gas in the EU’s taxonomy, which aims to classify investments that can be considered sustainable.
While fossil gas (and nuclear) could be included in the taxonomy via the adoption of a delegated act currently in preparation (see EUROPE B12703A2), ClientEarth’s lawyers believe that the inclusion of fossil gas in the taxonomy would contradict various...