The EU’s General Court has upheld the European Commission’s controversial decision to classify nuclear and gas-fired power as sustainable investments, rejecting a lawsuit brought by Austria.
Under pressure from France and Germany in particular, the EU executive decided in 2022 to classify the two power sources as sustainable investments under the bloc’s new sustainable finance taxonomy, the EU's list of approved green technologies. Austria challenged the move later that year in the EU court in Luxembourg.
On Wednesday, the court dismissed the case, stating: “The Commission was entitled to take the view that nuclear energy generation has near to zero greenhouse gas emissions.”
It added that alternative low-carbon energy sources were not available at sufficient scale.
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