Nuclear and gas in EU taxonomy slammed as ‘greenwashing’.
Nuclear and gas in EU taxonomy slammed as ‘greenwashing’,
- The controversial decision to include gas and nuclear in the EU’s taxonomy was the outcome of a lengthy and highly-politicised process EU Observer By ELENA SÁNCHEZ NICOLÁS BRUSSELS, 14 Apr 22, Russia’s invasion of Ukraine, and EU plans to reduce its reliance on Russian fossil-fuel imports, have raised more questions over the fate of the European Commission’s controversial taxonomy proposal.
EU member states were already split over the role of gas and nuclear in the energy transition and, thus, in green finance — even before the war in Ukraine……….
Critics say the proposal undermines the credibility of the EU taxonomy as a science-based investment tool, gives credence to claims of greenwashing, creates confusion in financial markets, and will cause major delays in the much-needed transition away from fossil fuels.
The taxonomy does not ban outright investment in activities not included in the guidelines — but it is designed to steer investments away from companies and investors which falsely claim to be environmentally sustainable.
‘Gold standard’ gone
Experts have warned that including natural gas (with a higher threshold than the one recommended by experts) and nuclear power in the EU’s sustainable finance rules may lead to further greenwashing in financial markets.
University College Dublin professor Andreas Hoepner, who has been one of those leading academic opposition on the taxonomy, describes it as probably “the biggest greenwash ever.”
The proposal, he said, ignores rigorous scientific analysis and weakens the credibility of the whole EU sustainable finance agenda. And it may even lead to an increase in emissions incompatible with the Fit-for-55 package and the EU’s climate targets.
The rules were meant to create common standards for classifying taxonomy-aligned economic activities as environmentally sustainable.
But Laurence Tubiana, one of the key architects of the 2015 Paris Agreement, has warned that investors may go elsewhere to seek more “more reliable science-based criteria” to classify their investments.
“The whole idea of creating a ‘gold standard’ is gone” with gas and nuclear power included in the EU taxonomy, Dutch MEP Bas Eickhout told EUobserver in an interview.
With the credibility of the whole taxonomy hanging by a thread, Eickhout warned of the impact on green bonds, given that funds raised from these bonds could be used for gas and nuclear projects. The transition towards net-zero emissions will require massive investment, but not enough money is currently going into projects delivering climate neutrality, he said.
“If we now lower the standard in order to mobilise the money, then we are still fooling ourselves,” he said, because the taxonomy must be “a credible standard” to fulfil its goal…………………..
“The EU should rapidly transition away from fossil fuels, fossil-fuel investments and subsidies to deliver climate stability,” added Ursula Woodburn from the UK’s cross-sector group of business leaders, CLG Europe,
The decision to include gas and nuclear in the taxonomy was slammed as the outcome of a both lengthy and highly-politicised process.
But the European Commission has also come under fire for looking at this tool purely through a domestic prism — despite its impact beyond EU borders. https://euobserver.com/war-peace-green-economy/154585
The European Commission Platform on Sustainable Finance concludes that nuclear and gas power are not green
Nuclear and gas power ‘not green’, say EC experts https://environment-analyst.com/global/107948/nuclear-and-gas-power-not-green-say-ec-experts
EC Platform on Sustainable Finance delivers final report on extending sustainable finance rules across the whole EU economy, and includes a bombshell.
A European Commission (EC) expert group has made wide-ranging recommendations on extending the scope of the EU Taxonomy – the classification system that defines environmentally sustainable economic activities – across the European economy.
The EC Platform on Sustainable Finance’s final report will inform important new EU legislation, due in the autumn, which will in turn guide future policy and investment decisions.
The report concludes that gas and nuclear power cannot be described as ‘green’ under the taxonomy’s ‘do no significant harm’ (DNSH) rules – although leaves the final decision to the European Commission.
The expert panel’s final report considers 12 sectors, including manufacturing, transport, agriculture, fishing, building and disaster risk management. It is still finalising criteria for forestry and agriculture.
The report proposes a ‘traffic light’ system, listing red activities requiring urgent transition to avoid significant harm, amber activities that could more easily qualify for taxonomy-recognised investment, and green, low environmental impact (LEnvI) activities.
Welcoming the report, Sebastien Godinot, senior economist at WWF European policy office, commented: “The platform’s recommendations are a crucial step towards the much-needed ‘biodiversity taxonomy’, aimed at driving billions into nature-friendly activities.”
He added: “However, WWF is concerned that some criteria for critical sectors like forestry and agriculture are not [yet] included. The platform must publish recommendations for them no later than May.”
The EU Taxonomy, which came into force earlier this year, provides the technical underpinning for a number of interlinked EU regulations on sustainable finance products, disclosures and reporting. The taxonomy’s purpose is to increase financial flows towards green activities and to reduce green-washing by setting science-based criteria for performance. It is hoped that the taxonomy will become a global ‘gold standard’ for green finance.
The taxonomy is governed by the Taxonomy Regulation, which came into force on 12 July 2020 and identifies activities that improve or diminish six objectives (climate change mitigation, climate change adaptation, sustainable water resources, transitioning to a circular economy, pollution prevention and control and protecting biodiversity and ecosystems). Article 26.2(a) of this regulation requires the commission to report on applying its rules across the wider economy and to define sectors that have no environmental impact or are outside its scope.
At the same time as the taxonomy came into effect, the EC presented the Taxonomy Climate Delegated Act (TCDA). In response to restrictions to Europe’s natural gas supplies at the beginning of the year, the legislation was controversially complemented by a second Delegated Act, which defined nuclear and natural gas powered energy as ‘green’. This caused widespread objections from environmental and climate change groups.
The TCDA is being scrutinised by the European Parliament and the Council, before going back to the EC. The EC is expected to draft a new Delegated Act, building on the platform’s latest recommendations, in the autumn. This should resolve whether nuclear and gas-powered energy will count as sustainable for policy and investment purposes in the EU.
While asserting that nuclear and gas power are not green, the platform’s report gives the commission ‘wiggle room’ by suggesting a “systems-wide approach to the low-carbon transition”.
It says: “The extended Taxonomy framework would acknowledge the reasons why these activities are not green, explaining why, in some cases, [they] may be significantly harmful, but also showing that there is potential for valid and urgent transitions away from significantly harmful performance.”
IPCC new report coming, on limiting global heating
| UN scientists have worked through the weekend to complete a key report on how to restrict the greenhouse gases that are warming the planet. Members of the Intergovernmental Panel on Climate Change are likely to advise a rapid shift from fossil fuels over the next 8 years. They will also suggest the widespread use of carbon removal technology to limit dangerous warming. But disputes over the exact wording of the document have delayed agreement. The IPCC is set to publish their findings on what we can do to stem climate change on Monday. Most of the world’s leading researchers on climate change are involved in the production of IPCC reports – their summaries of the latest science, produced every six or seven years, are used by governments in their negotiations on climate change, such as those that took place at COP26 last November. These IPCC reports are seen as the best, if slightly conservative studies on the state of climate science. For the past two weeks, IPCC scientists and government officials from all over the world have been locked in a virtual approval session, going through this latest report on how to stop climate change line by line. This new study will be the third of three important documents from the IPCC issued over the past eight months. The previous two have looked at the causes and impacts of climate change, but this one will focus on mitigation – or what we can do to stop it. This essentially means that researchers will look at how we can reduce the amount of warming gases that are emitted from human activities. One key part of the summary report will detail what the world can do between now and 2030 to limit heating. BBC 3rd April 2022https://www.bbc.co.uk/news/science-environment-6095930 |
IPCC ‘s dire warning on climate change is being ignored, amid war and economic turmoil
Scientists fear that their last-ditch climate warnings are going unheeded
amid international turmoil caused by the war in Ukraine, and soaring energy
prices. The third segment of the landmark scientific report from the
Intergovernmental Panel on Climate Change – which could be the last
comprehensive assessment of climate science to be published while there is
still time to avoid the worst ravages of climate breakdown – will be
published on Monday, warning that the world is not shifting quickly enough
to a low-carbon economy.
But the previous instalment of the vast report –
known as working group 2 of the IPCC – was published a month ago, just as
Russia invaded Ukraine, and received only muted attention, despite warning
of catastrophic and irreversible upheavals that can only narrowly be
avoided by urgent action now. Scientists told the Observer that Monday’s
fresh scientific warning must spur governments to belated action.
Guardian 3rd April 2022
BAE shipyard – home to nuclear submarine construction ‘set to flood’ due to impact of climate change
BAE shipyard in Barrow ‘set to flood’ due to impact of climate change 31st March DAN TAYLOR, CHIEF REPORTER BARROW’S shipyard is at ‘very great’ risk of flooding in the near future, according to a report.
Findings by the Nuclear Consulting Group suggest BAE’s shipyard would be left ‘profoundly vulnerable’ to flooding from sea-level rises due to the impact of climate change.
It claimed the shipyard was among nine nuclear sites that are threatened by the possibility of increased rainfall and a rise in sea levels.
The report is based on models predicting sea levels in 2050 following the effects of climate change.
…….. Writing in the report Dr Paul Dorfman, the chair of the Nuclear Consulting Group think tank, said: “Present UK coastal military nuclear infrastructure is profoundly vulnerable to flooding from sea-level rise, storm intensity and storm surge – with inland nuclear facilities also facing inundation and flooding.
“Ministry of Defence and nuclear regulatory mitigation efforts will become obsolete, and sooner than planned.
“In other words, UK nuclear military bases are set to flood.”
The next generation of Trident nuclear submarines are being built in Barrow, alongside the Astute hunter-killer boats.
And raising concern about the shipyard, Dr Dorfman warned: “Despite the key role the shipyard plays in the UK nuclear military enterprise, climate change (even in lower-mid range projections) will challenge the utility and viability of the facility due to the combined impact of future sea-level rise, storm surge and flooding.”………… https://www.nwemail.co.uk/news/20028594.shipyard-flood/
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/ |
Low-lying Dungeness threatened by climate change – sea level rise.
Dungeness could find itself underwater within 30 years, threatening both a
tourist hotspot and a vital conservation area. Dungeness and its nature
reserve are low-lying, which means that they are particularly vulnerable to
climate change and rising sea levels.
Climate Central is an organisation
dedicated to researching the impact of global warming. The organisation
uses UN-approved data to predict which areas of the world could be most
threatened by rising sea levels, with variables concerning pollution levels
and extreme weather events. Here’s an example of one of Climate
Central’s maps, [on original] showing what Dungeness could look like in 2050 should
global warming continue at its current rate. The red parts show areas
beneath the tide level.
Time Out 30th March 2022
https://www.timeout.com/news/dungeness-could-be-underwater-by-2050-033022
Nuclear on the ”frontline of climate change” – and not in a good way!
Paul Dorfman, writing in The Conversation, 1 Apr 22, Not everyone is convinced that nuclear power is a reliable tool in the effort to slow global warming and shore up energy supplies. Paul Dorfman is an honorary senior research associate at UCL’s Energy Institute. He argues that “nuclear energy is, quite literally, on the frontline of climate change – and not in a good way”.
“Nuclear power is often credited with offering energy security in an increasingly turbulent world, but climate change will rewrite these old certainties,” Dorfman says.
“Nuclear power plants must draw from large sources of water to cool their reactors, hence why they’re often built near the sea,” Dorfman highlights. “Two in five nuclear plants operate on the coast and at least 100 have been built just a few metres above sea level.”
In a world made increasingly turbulent by climate change, that’s a problem, Dorfman argues.
“A recent US Army War College report also states that nuclear power facilities are at high risk of temporary or permanent closure due to climate threats – with 60% of US nuclear capacity at risk from future sea-level rise, severe storms, and cooling water shortages.”……………….
Coastal communities across the world already feeling the impacts of climate change.
Coastal communities across the world are already feeling the disastrous
impacts of climate change through variations in extreme sea levels. These
variations reflect the combined effect of sea-level rise and changes in
storm surge activity.
Understanding the relative importance of these two
factors in altering the likelihood of extreme events is crucial to the
success of coastal adaptation measures. Existing analyses of tide gauge
records agree that sea-level rise has been a considerable driver of trends
in sea-level extremes since at least 1960.
However, the contribution from
changes in storminess remains unclear, owing to the difficulty of inferring
this contribution from sparse data and the consequent inconclusive results
that have accumulated in the literature. Here we analyse tide gauge
observations using spatial Bayesian methods to show that, contrary to
current thought, trends in surge extremes and sea-level rise both made
comparable contributions to the overall change in extreme sea levels in
Europe since 1960.
We determine that the trend pattern of surge extremes
reflects the contributions from a dominant north–south dipole associated
with internal climate variability and a single-sign positive pattern
related to anthropogenic forcing. Our results demonstrate that both
external and internal influences can considerably affect the likelihood of
surge extremes over periods as long as 60 years, suggesting that the
current coastal planning practice of assuming stationary surge extremes
might be inadequate.
Nature 30th March 2022
Hotter Antarctic summers posing increasing threat to stability of world’s largest ice sheet
Hotter Antarctic summers posing increasing threat to stability of
world’s largest ice sheet, satellite observations show. The East
Antarctic ice sheet is the biggest land-based piece of frozen water on the
planet. It holds about 80 per cent of all ice in the world, stretching up
to 4,800 metres in thickness in some places, and containing enough water to
raise global sea levels by 52 metres. Humans are generally keen for it to
stay in place. But new research shows that warmer summers due to the
worsening climate crisis are seriously threatening the floating ice shelves
which fringe the ice sheet, helping hold it in place.
Independent 31st March 2022
https://www.independent.co.uk/climate-change/news/antarctic-heat-ice-sheet-threat-b2048301.html
European Union lawmakers move to reject inclusion of nuclear energy as ‘green’
EU lawmakers move to reject green gas and nuclear investment rules, Reuters, By Kate Abnett and Simon Jessop
- Summary
- Greens, Socialists and Democrats oppose proposed rules
- Parliament vote on taxonomy proposal due by July
- EU advisers launch report on other environmental criteria
BRUSSELS, March 30 (Reuters) – At least two groups of European Union lawmakers have confirmed they will reject an EU proposal to label gas and nuclear energy as sustainable investments, officials said on Wednesday.
Reporting by Kate Abnett, Simon Jessop, editing by Ed Osmond………… (registered readers only) https://www.reuters.com/business/sustainable-business/eu-lawmakers-move-reject-green-gas-nuclear-investment-rules-2022-03-30/
7 wildfires in Chernobyl Exclusion zone exceed Ukraine’s emergency classification tenfold.
Seven wildfires have broken out in the exclusion zone surrounding the
Chernobyl Nuclear Power Plant, the site of the world’s worst nuclear
disaster, according to a statement by Ukraine’s Parliament. The fires,
which were observed via satellite, exceed Ukraine’s emergency
classification criteria tenfold.
Ukrainian officials stated that the fires
were caused by “the armed aggression of the Russian Federation, namely
the shelling or arson,” though this has not been independently verified.
Wildfires risk mobilizing and dispersing radioactive contaminants left over
from the 1986 nuclear accident at Chernobyl.
Bulletin of Atomic Scientists 23rd March 2022
Wildfires break out in Chernobyl amid a non-functioning radiation-monitoring system
Nuclear catastrophe threatened, as fires sweep through forests towards Chernobyl site
Chernobyl radiation fears as 25-acre forest fire burns towards nuclear plant. Fears are growing of a nuclear disaster after Russian troops began shelling the Ukrainian town where staff working at the Chernobyl plant live.
Russian shelling has lead to wildfires breaking out across Chernobyl’s Exclusion Zone, it has been claimed. It is believed that 25acres of the forest surrounding the Chernobyl nuclear site – which is under
Russian control – are now ablaze.
Officials are concerned the fire couldsweep through the forest and tear through the power plant, leading to anuclear disaster and “irreparable consequences” for Ukraine and the “whole world”.
Mirror 27th March 2022
https://www.mirror.co.uk/news/world-news/breaking-chernobyl-radiation-fears-forest-2656779
Scientists caught off guard by massive ice shelf collapse in ‘coldest, driest’ part of Antarctica
Scientists caught off guard by massive ice shelf collapse in ‘coldest, driest’ part of Antarctica
A huge ice shelf has collapsed in Antarctica, coinciding with a period of intense and unseasonal heat which may have been “the straw that broke the camel’s back”.
Forest fires erupt around Chernobyl nuclear plant 
Forest fires erupt around Chornobyl nuclear plant, https://www.ukrinform.net/rubric-ato/3441388-forest-fires-erupt-around-chornobyl-nuclear-plant.html Forest fires have broken out in the exclusion zone around the Chornobyl nuclear power plant because of combat actions. More than 10,000 hectares of forests are burning, which may cause increased levels of radioactive air pollution.
Ukrainian Parliament Commissioner for Human Rights Liudmyla Denisova wrote this on Facebook, Ukrinform reports.
Fire control and extinguishing is impossible due to the seizure of the exclusion zone by Russian troops, she wrote.
As a result of combustion, radionuclides are released into the atmosphere, which are transported by wind over long distances, which threatens radiation to Ukraine, Belarus and European countries. Due to windy and dry weather, the severity and area of fires will grow, which can lead to large-scale fires, which are difficult to deal with even in peacetime.
Denisova warned that the flames could engulf spent nuclear fuel storage facilities and nuclear waste storage facilities located in the Chornobyl zone.
She called on the International Atomic Energy Agency (IAEA) to “send experts and firefighting equipment to Ukraine as soon as possible to prevent irreparable consequences not only for Ukraine but for the whole world.”
“Catastrophic consequences can be prevented only by immediate de-occupation of the territory by Russian troops. Therefore, I call on international human rights organizations to take all possible measures to increase pressure on the Russian Federation to end military aggression against Ukraine and de-occupy high-risk areas,” she wrote.
1 This Month
22 June – Virtual Event –Climate Change: New Data, New Debate
Monday, June 22, 2026 2:30 p.m. – 3:15 p.m. CT
YouTube. Register here
Protect Sazan Island from the Trump family! https://secure.avaaz.org/campaign/en/protect_sazan_island_from_the_trump_family_loc/?bqFCVab&v=174511&cl=22707147157&_checksum=5e9dde668860e8231c33699735e16a1fbf22ab2cb01da50c999fe8732b9775ef&utm_source=email&utm_medium=blast_email&utm_campaign=174511
25 June- THE PUKE ON NUKES
Thursday, June 25, 2026
7pm Central Time (8pm ET, 6pm MT, 5pm PT) UTC – 5
From NRC & DOE Deregulation to Techno-Fascist Billionaires Going Nuclear, Plus a Few Songs from Atomic Cabaret REGISTER
26 June – Radiation Trainwreck at the NRC / Join the Protect Better Campaign – https://us02web.zoom.us/meeting/register/4ZlZ5_qLSHGiLSCg8FF6Bg#/registration
Cuba Is Not a Failed State – It Is a Besieged State
PETITION: “Global Appeal to Endorse Palestinian Right of Return of Refugees”
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