Reuters exclusively reports lawyers warn EU against labelling gas as a 'green' investment - Reuters News Agency
EnergyEnvironment

Reuters exclusively reports lawyers warn EU against labelling gas as a ‘green’ investment

Reuters exclusively reported that environmental law firm Client Earth has warned the European Union that it would be breaching its own laws if it labels investments in gas-fuelled energy as “green” in upcoming finance regulations. In a letter to the bloc’s executive seen by Reuters, client Earth said categorizing gas as environmentally friendly would violate other laws, including the EU’s legally binding target to reduce its net greenhouse gas emissions by at least 55% by 2030 from 1990 levels, and bring them to zero by 2050.

Article Tags
Topics of Interest: EnergyEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Belgium
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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