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European dispute over the Taxonomy plan to class nuclear power as ”green”, qualifying it for billions of euros in subsidies.

EU Observer, 7. FEB, 07:22, Barely a month since France took over the rotating presidency of the Council of the European Union, and France and Germany are already in dispute over the highly-controversial EU proposal to grant nuclear energy and natural gas a green investment label under the EU taxonomy on sustainable finance rules.

The EU proposal was published on Wednesday (2 February) with only minor edits – despite the internal row it had sparked amongst several member states.

The initial proposal itself had been quietly distributed to EU members on New Year’s Eve – the day Germany closed half of its six nuclear power plants.

If the proposal now passes the EU’s legislative procedures without getting blocked by the commission or the parliament (both unlikely scenarios), it will likely channel billions of euros into the construction of new nuclear power plants across the bloc…………………….

During the past weeks France has taken a strong stance in support of nuclear energy with president Emmanuel Macron labelling it as the “sovereign solution”, while Germany has expressly rejected the integration of nuclear power into the green taxonomy…………….

After their success in September’s federal elections, German Greens secured their position as the second-largest party in the current coalition government – making them crucial for the future of the German coalition.

No compromise

And nuclear energy is one of the topics the Greens are not willing to compromise on.

The Greens, born out of the 1980s anti-nuclear protests, were quick to call out the EU over the new energy proposal with the German vice-chancellor and climate minister, Robert Habeck, accusing the EU of “greenwashing”.

February 8, 2022 - Posted by | climate change, EUROPE, politics

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