Page 23 - Bas Eickhout News Today

Environmental lawyers are threatening to take legal action against the European Commission if gas is included in the EU guidelines for sustainable finances. But the draft taxonomy has also triggered discontent among some EU national capitals and MEPs.

Europe’s executive arm is facing an increasingly intense wave of pressure to abandon a proposal to add gas and nuclear power to its green rulebook.

The European Commission has drafted a proposal that would label some nuclear and natural gas projects as “green” as the EU attempts to transition away from fossil fuels. The proposal, released Saturday, would set specific criteria for what conditions would allow a project to be classified as a sustainable investment.

Some businesses are changing their vaccination policies to require booster shots, while others are prioritizing coronavirus tests.

The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.

The taxonomy for sustainable activities was meant to be a purely science-based classification system - but it has become bogged down by political infighting (not least between Paris and Berlin), threatening its credibility.

Greta Thunberg, alongside other climate crazies, has decried the possible inclusion of nuclear and gas in the EU's green investment playbook.

Greta Thunberg, alongside other climate crazies, has decried the possible inclusion of nuclear and gas in the EU's green investment playbook.

Activists including Greta Thunberg criticise ‘fake climate action’ in response to planned investment taxonomy

The EU has unveiled plans to phase-out natural gas and repurpose natural gas infrastructure for hydrogen.