EU has failed to create gold standard for green finance, Spain says

High-tension electrical power lines are seen near the Golfech nuclear plant on the border of the Garonne River between Agen and Toulouse, France, July 18, 2018. REUTERS/Regis Duvignau/File PhotoMADRID/BRUSSELS, Feb 9 - European countries and companies could end up defining their own standards on green investments if Brussels fails to impose the "gold standard" and classifies spending on gas and nuclear energy as sustainable, a Spanish minister said on Wednesday.

"I guess that we will have a silver standard," Spanish Energy and Environment Minister Teresa Ribera told an online conference organised by German media Der Tagesspiegel, Die Zeit, Handelsblatt and Wirtschaftswoche."But there will be many member states and many companies that could try to say that they do not include these technologies in their own portfolio.

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