BRUSSELS (Reuters) -Austria lost a legal challenge against European Union rules that class nuclear energy and natural gas as climate-friendly investments on Wednesday, as Europe’s second-highest court sided with the EU over the rules.
In the case before the Court of Justice of the European Union’s General Court, Austria’s government had challenged the European Commission’s decision to include gas and nuclear in the EU’s “taxonomy” of investments that can be labelled and marketed as sustainable in Europe.
The court sided with Brussels, in a ruling which said that the EU Commission “was entitled to take the view that certain economic activities in the nuclear energy and fossil gas sectors can, under certain conditions, contribute substantially to climate change mitigation and climate chang