‘Putin rubbing hands with glee’ after EU votes to class natural gas and nuclear as ‘green’

By | July 6, 2022

The Guardian reports:

The European parliament has backed plans to label gas and nuclear energy as “green”, rejecting appeals from prominent Ukrainians and climate activists that the proposals are a gift to Vladimir Putin.

One senior MEP said the vote was a “dark day for the climate”, while experts said the EU had set a dangerous precedent for countries to follow.

The row began late last year with the leak of long-awaited details on the EU’s green investment guidebook, intended to help investors channel billions to the clean power transition.

The European Commission decided some gas and nuclear projects could be included in the EU taxonomy of environmentally sustainable economic activities, subject to certain conditions.

Under the plans, gas can be classed as a sustainable investment if “the same energy capacity cannot be generated with renewable sources” and plans are in place to switch to renewables or “low-carbon gases”. Nuclear power can be called green if a project promises to deal with radioactive waste.

The plan could only be stopped by a majority of EU member states or members of the European parliament.

With most EU governments in favour, attention turned to the European parliament, but on Wednesday MEPs failed to muster a blocking majority. Only 282 MEPs voted in favour of an amendment against the inclusion of gas and nuclear, falling short of the 353 votes needed to overturn the decision.

Bas Eickhout, the vice-president of the European parliament’s environment committee, said it was “dark day for the climate and energy transition”. [Continue reading…]

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