ESG: EP allows the draft gas and nuclear CDA to proceed

Some good news today for the European Commission on its proposal for a Complementary Delegated Act (CDA) which would include nuclear and gas activities as environmentally sustainable economic activities under the Taxonomy Regulation.

The proposal was published in February (along with Annexes 1, 2 and 3) but faced problems as we reported last month, when the ECON and ENVI committees of the European Parliament (EP) recommended that the EP should reject it.

The committees’ draft resolution was voted on by the EP in a plenary session earlier today (6 July 2022) but was rejected by 328 votes to 278, with 33 MEPs abstaining.

This means that, unless the Council of the EU objects to the Commission’s proposal, the CDA will enter into force on 1 January 2023.

A press release from the EP on the vote can be found here.