Press releases

The European Commission officially presented its plans today to include nuclear energy and fossil gas in its ‘Taxonomy,’ its list of economic activities that can be classified as a ‘green’ investment. This amounts to unacceptable institutional greenwashing and will prevent consumers from investing sustainably.

On New Year’s Eve, just before midnight, the European Commission presented a draft Delegated Act to include nuclear and fossil gas in its ‘Taxonomy,’ which is its list of economic activities that can be classified as a ‘green’ investment.

Today, the European Commission proposed its Renewed Sustainable Finance Strategy, setting out how it intends to make the bloc’s financial system more sustainable. Despite some welcome initiatives, the Commission’s green investment labelling plans are heading dangerously in the wrong direction.

Consumers are set to gain much-needed extra protections when they take out a loan, according to proposals the European Commission published today. With many consumers still feeling the financial effects of COVID-19, BEUC praises these added protections, which come just at the right time.