EU says nuclear and gas are green
Germany and other member states criticise European Commission proposals to include nuclear in sustainable finance taxonomy
The European Commission has set out proposals to add nuclear power and natural gas to its sustainable finance taxonomy, potentially unlocking a new wave of private sector investment in these energy sources despite fierce criticism from Germany and other member states. The Commission has given member states until 12 January to offer feedback on the text of the Taxonomy Complementary Delegated Act, which proposes to classify nuclear and gas investments as green. Gas and nuclear’s inclusion in the green taxonomy would give the private sector confidence to invest in both sectors as legitimate elements of the transition and the EU’s push for net-zero emissions. “The EU taxonomy guides and mobilis
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity