The European Union should implement a technology-neutral approach for the sustainable finance taxonomy under its low-carbon policy framework, known as the Green Deal, according to EDF chairman Jean-Bernard Lévy.

The taxonomy will create a common language that investors can refer to when investing in projects and economic activities that have a substantial positive impact on the climate and the environment. It stipulates that a number of environmental objectives should be considered when evaluating how sustainable an economic activity is.

Mr Lévy told a virtual discussion hosted by the International Energy Agencythat there are “several” European states which are “not very happy” with the bias they believe exists in the draft of the taxonomy when it comes to nuclear and in comparison to other low-carbon sources.