The College of Commissioners reached a political agreement on the text, which will be formally adopted once translations are available in all EU languages. A great deal of private investment is needed for the EU to become climate neutral by 2050. The EU Taxonomy aims to guide private investment to activities that are needed to achieve climate neutrality. The Taxonomy classification does not determine whether a certain technology will or will not be part of Member State energy mixes. The objective is to step up the transition, by drawing on all possible solutions to help Europe reach its climate goals. Taking account of scientific advice and current technological progress, the Commission believes that there is a role for private investment in gas and nuclear activities during the transition. The gas and nuclear activities selected are in line with the EU's climate and environmental objectives and will enable the EU to accelerate the shift from more polluting activities, such as coal generation, towards a climate-neutral future, mostly based on renewable energy sources.