nuclear-news

European States opposing inclusion of nuclear in ‘green’ taxonomy warn on diverting investement from genuinely clean technologies.

Austria, Denmark, Luxembourg and Spain continue to reject natural gas and
nuclear in the EU’s sustainable finance taxonomy, their energy and
climate ministers have said in response to a recent draft proposal.

The European Commission’s proposed conditions under which investments in
natural gas-fired and nuclear power plants would be deemed “green” in a
draft updated taxonomy sent “the wrong signals to financial markets and
seriously risks being rejected by investors,” the ministers said late on
Thursday.

The taxonomy aims to help investors identify suitable projects
that support the EU’s climate goals. It does not require investments in
projects that meet the criteria nor prohibit investments in projects that
do not. The ministers argued, however, that the long lifetimes of natural
gas and nuclear plants meant that including them in the taxonomy could lock
in their use for many decades and divert investments away from renewables.

 Montel 21st Jan 2022

https://www.montelnews.com/news/1294402/four-eu-nations-reject-gas-nuclear-in-green-taxonomy

January 22, 2022 - Posted by Christina Macpherson | climate change, EUROPE