The debate over the classification of nuclear power as ‘green’ in pending EU investment rules is likely to heat up. Library picture: Cattenom nuclear power plant in France, near the Luxembourg border, seen in 2016. Photo: Shutterstock

The debate over the classification of nuclear power as ‘green’ in pending EU investment rules is likely to heat up. Library picture: Cattenom nuclear power plant in France, near the Luxembourg border, seen in 2016. Photo: Shutterstock

Delano looked the widely debated inclusion of natural gas and nuclear power in the European Commission’s green investing guidelines, the EU taxonomy for sustainable activities, earlier this year. Here’s what investment fund professionals said at the time.

The European Parliament has , which is meant to steer financing to environmentally responsible investments. The Luxembourg and Austrian governments have said they will challenge this classification in court, arguing the fuel sources are not truly sustainable.

Earlier this year, Delano examined the potential impact of including nuclear and gas for the investment funds sector.

Investment professionals . They warned that the rules , although fractures within and between markets had already existed.

On the other hand, the taxonomy had not . They told Delano that the taxonomy, while useful as an informational tool, was and that the .

In addition, industry executives noted that the , which puts even more pressure on the bloc to get the European taxonomy right.

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