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Growing resistance to EU proposal to label gas and nuclear as ”sustainable” energy

Resistance has been growing to an EU proposal to label gas and nuclear
energy as sustainable investments, officials said this week.

The European Commission last month proposed including both in the EU’s sustainable
finance taxonomy, a system for labelling climate-friendly investments. The
proposal split opinion among the European Parliament and EU countries,
which disagree on the fuels’ green credentials and could also still
reject it.

Two groups of lawmakers – the Greens and the Socialists and
Democrats – confirmed that they would file a motion to reject the rules.
German Green lawmaker Michael Bloss had confirmed the Greens’ objection
earlier in the week. “Nuclear power and fossil gas are not
‘sustainable’, far too dangerous and not a bridge technology,” he
said in a tweet.

The move is the opening salvo in a months-long process of
negotiations, which would culminate in Parliament voting by July on the
potential motions to reject the gas and nuclear proposal. 

Emerging Risks 1st April 2022 https://emergingrisks.co.uk/resistance-grows-to-eu-nuclear-and-gas-taxonomy/ 

April 2, 2022 - Posted by | climate change, EUROPE, politics international

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