THE European Union will allow natural gas and nuclear to be classified as vital transitional energies, allowing them to attract EU finance - a decision criticised by anti-fossil fuel proponents who are considering a legal challenge. The European Parliament has voted to rubber-stamp legislation that allows gas and nuclear to form a key part of the EU's energy transition to become climate neutral by 2050, albeit under strict conditions. The European Commission (EC), the EU's executive branch, welcomed the vote. Mairead McGuin-ness, commissioner in charge of financial services, financial stability capital markets union, said: "The Complementary Delegated Act is a pragmatic proposal to ensure that private investments in gas and nuclear, needed for our energy transition, meet strict criteria. Investment in renewables is already prioritised in our taxonomy - this is our future."
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