European Taxonomy Regulation Extended to Natural Gas and Nuclear Energy   

On July 15, 2022, the European Union Official Journal published Commission Delegated Regulation (EU) 2022/1214 of 9 March 2022, amending Delegated Regulation (EU) 2021/2139 regarding economic activities in certain energy sectors and Delegated Regulation (EU) 2021/2178 concerning specific public disclosures for those economic activities.

The EU Taxonomy framework is designed to determine when an economic activity qualifies as environmentally sustainable, so that an investment in that activity may be labeled as green investment, meaning that these resources will be considered suitable for investment through ESG-labelled Funds. Thus, it could be expected from this new regulation to create new opportunities for natural gas and nuclear energy in the European Union in the midst of the current energy crisis.