Article in Journal

Gas and Nuclear Power as Transition Technologies – What does this Mean for Investments

Rainer Haselmann, Sebastian Steuer, Tobias H. Tröger
CESifo, Munich, 2023

EconPol Forum 24 (1), 17-22
  • So far, the applications of the Taxonomy are purely for transparency and disclosure purposes
  • Professional investors and regulators instead rely on more advanced and context-specific metrics, such as their own ESG methodologies and cockpits
  • Therefore, the controversial Taxonomy classification of gas and nuclear power will not have a major impact
  • Green finance policies are no substitute for restrictive environmental regulations such as cap-and-trade schemes or outright prohibitions of certain activities