Brussels, 2 February 2022 (dpa/MIA) — Investments in nuclear and natural gas projects can be labelled sustainable under certain conditions, the European Commission has announced in the face of massive opposition. "The taxonomy helps signpost the way for private investment to contribute to our climate goals," European Financial Services Commissioner Mairead McGuinness said of the decision. The deeply contested legislative update will enter into force in four to six months unless a majority of EU member states or the European Parliament objects. It aims to channel private investments to help the European Union meet its 2050 climate goal of "net zero" greenhouse gas emissions through energy sector reform. The move comes despite deep division between EU member states, a backlash from environmental groups and criticism from the private sector. Opponents argue that gas and nuclear energy are not environmentally friendly, but the commission views them as crucial bridging technologies towards renewable energy sources.