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Policy & Regulation

Gas eyes role in EU green investment standards

A preliminary EU agreement has opened the way for gas projects to be classified as green investments, which would be a boost for investor confidence in the sector A preliminary EU agreement has opened the way for gas projects to be classified as green investments, which would be a boost for investor confidence in the sector.
By Christian Ernhede 12 December 2019 Europe & Russia / Policy & Regulation 0 34869
OMV Petrom combined gas-fred power plant in Romania. (OMV Petrom)

The key issue: EU institutions reached an informal agreement last week on a proposal for a new taxonomy regulation that would classify gas projects as green investments – but the file still faces hurdles.

Interfax analysis: A preliminary agreement on a new EU green investment standard has opened the way for gas projects to be labelled as environmentally sustainable energy transition investments. The inclusion – albeit with limitations – is likely to boost investor confidence in EU gas projects.

The European Commission, European Council and...