The push to label natural gas and nuclear energy as “green” in order to lure in more private investors was initially met with heavy resistance but EU lawmakers ultimately gave it the green light.
The European Parliament on Wednesday voted in favor of a proposal regarding labeling natural gas and nuclear power plants as climate-friendly investments.
The European Commission released the proposal, formally called the EU taxonomy, in December as a list of economic activities that investors can label and market as green in the EU.
A motion to block the proposal received 278 votes in favor and 328 against, while 33 lawmakers abstained.
Unless 20 of the EU’s 27 member states oppose the proposal, it will be passed into law.
This move comes as the European Union no longer wants to import energy from Russia and finance them with money. Europe now wants to produce its own energy.
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