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Despite scientific objections, the European Commission sticks to its draft plan to include nuclear and gas in “taxonomy for sustainable finance”

 Brussels has stuck by a decision to classify nuclear power and some forms of natural gas as green energy, defying criticism from scientists and climate change experts over its landmark sustainable finance rules.

The European Commission on Wednesday published a largely unrevised final text of its The EU’s taxonomy is a sweeping classification system for industries that produce about 80 per cent of the bloc’s emissions to guide private capital into environmentally sustainable activities.But Brussels has come
under fire for bowing to pressure from pro-nuclear and pro-gas member states to include the two technologies under the green label in an initial draft first reported by the Financial Times.sustainable finance” which has come under fire from EU governments, environmental campaigners and the European Investment Bank for its acceptance of nuclear power and forms of carbon-emitting gas.

The EU’s taxonomy is a sweeping classification system for industries that produce about 80 per cent of the bloc’s emissions to guide private capital into environmentally sustainable activities.But Brussels has come under fire for bowing to pressure from pro-nuclear and pro-gas member states to include the two technologies under the green label in an initial draft first reported by the Financial Times.
  FT 2nd Feb 2022

https://www.ft.com/content/0acb5e0f-8322-413f-911d-fda09951ea99

 France24 2nd Feb 2022

https://www.france24.com/en/live-news/20220202-eu-presses-on-with-green-label-for-gas-nuclear

 Independent 2nd Feb 2022

https://www.independent.co.uk/news/world/europe/france-germany-brussels-european-commission-gas-b2006003.html

February 5, 2022 - Posted by | climate change, EUROPE, politics international

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