EU Taxonomy could extend life of legacy business
At the beginning of 2022, the European Commission began consultations on a draft text of a Taxonomy Complementary Delegated Act covering certain gas and nuclear activities.
The full update is avaible on:
What's it all about ?
At the beginning of 2022, the European Commission began consultations on a draft text of a Taxonomy Complementary Delegated Act covering certain gas and nuclear activities. According to the draft, new gas-fired power plants are under certain conditions classified as "green" as a transitional technology. It looks likely that this draft will enter into force latest by mid-2022. Siemens Energy is a potential beneficiary, as they possess the technology and certifications to build “green” gas-fired power plants. We reiterate to BUY with PT EUR 38.00.