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Accepting nuclear and gas as ”green” (or even ”amber”) would jeopardise the credibility of the entire European Green Deal

Granting nuclear and fossil gas the label of sustainability would undermine the EU’s climate targets, divert much-needed green investments in Central and Eastern Europe and jeopardise the credibility of the entire European Green Deal

Gas and nuclear: a lose-lose scenario for Eastern Europe, https://www.forbes.com/sites/jamesconca/2021/12/17/nuscale-nuclear-developer-goes-public-with-a-spac-but-nrc-is-still-a-drag/?sh=6afeedc82c0d EU Observer,  By PATRICK TEN BRINKBRUSSELS, 16. DEC, 21  After a year-long fight over the classification of fossil gas and nuclear energy under the EU taxonomy, the Delegate Act defining whether they’re considered as a sustainable investment will finally be released next week by the European Commission.

Yet a last major battle is taking place this Thursday (16 December) in Brussels. The 27 EU leaders will have a final word at the last European Council of the year on whether fossil gas and nuclear should be part of the EU list of environmentally-sustainable economic activities.

The battle lines are drawn: on one side France supporting nuclear with Poland, the Czech Republic and other Eastern partners who, for the most part, are for the inclusion of fossil gas in the EU green labelling; on the other side Italy, Spain, Denmark, Austria and Luxembourg, who are clearly opposed to considering any of them as a sustainable investment.

Paradoxically, central and eastern European governments have been very vocal in advocating for the inclusion of fossil gas on the EU green investment list, while they have most at stake in terms of climate, energy prices and energy sovereignty……………………………..

Nuclear gamble ‘does harm’

The potential contribution of nuclear power to reducing greenhouse gas emissions is as clear as its non-sustainable nature due to severe safety risks, environmental pollution, huge time investment and the unsolved waste problem.

Several inherent risks of nuclear energy, from the disaster potential, to waste management over hundreds of thousands of years, or uranium mining, were not properly addressed in the broadly-criticised report of the Joint Research Centre commissioned by the European Commission to back a decision on the EU taxonomy. It seems obvious that the current nuclear technology cannot ensure the “do no significant harm” EU principle.

Economically, investing in new nuclear plants does not pay off. Newly added capacities are not realistic due to high investment, competition of renewables and time costs.

For example, the Catalan government estimated that with the same budget of 19 billion euros used for the construction of the new nuclear reactor Flamanville 3 in France, they could invest in photovoltaic solar energy that would generate around 5 times more electricity and be operational in a quarter of the time.

Granting nuclear and fossil gas the label of sustainability would undermine the EU’s climate targets, divert much-needed green investments in Central and Eastern Europe and jeopardise the credibility of the entire European Green Deal……… https://euobserver.com/opinion/153831

December 18, 2021 - Posted by | climate change, EUROPE

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