The European Parliament voted to support the "green label" of natural gas and nuclear energy

Xinhua News Agency, Brussels, July 6 (Reporter Kangyi) Strasbourg, France: The European Parliament voted on the 6th to support investment in the natural gas and nuclear energy fields that meet specific conditions as the category of sustainable economic activities in environmental friendly. This will help guide more private investment into the field of natural gas and nuclear energy.

The European Parliament issued a statement on the 6th that after voting, the European Parliament supported the relevant bill proposed by the European Commission, and included natural gas and nuclear energy projects that meet specific conditions into the category of sustainable economic activities covered by the classification regulations of the European Union.

If the EU Council does not raise objections before July 11, the bill will officially take effect on January 1, 2023.

The EU's classification regulations are the establishment of standards for sustainable economic activities for references for various member states in terms of investment, taxation, and management. In February this year, the European Commission passed the supplementary authorization bill of the regulations to attribute natural gas and nuclear energy projects that meet specific conditions as sustainable economic activities, and stipulated the technical screening and emission standards of the corresponding projects. The bill stipulates that nuclear energy projects need to meet the requirements of nuclear safety and environmental safety, and natural gas must help accelerate the transition from coal to renewable energy without affecting investment in renewable energy.

The bill is controversial. Environmental protection organizations and some EU member states have criticized their "drifting green" fossil energy and nuclear energy investment to damage the EU's reputation in response to climate change. Supporters believe that rejecting "green labels" to natural gas and nuclear energy will lead to further rise in energy prices and make it more difficult for people to get rid of dependence on fossil energy such as coal.

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