Other regions around the world will mirror EU’s actions

Other regions around the world will mirror EU’s actions

EU lawmakers voted to include natural gas and nuclear in the bloc’s list of sustainable activities

This is a controversial move, one that has put Europe’s global climate leadership at risk

As the EU grapples with its own energy crisis, others believe the move adds to the strong case for nuclear power as a long-term energy solution

On Wednesday the European Union backed labelling fossil fuel gas and nuclear projects as ‘green’, paving the way for hundreds of billions of euros in cheap loans and state subsidies. According to Reuters , out of a total 639 lawmakers, 329 opposed a motion that sought to block the EU gas and nuclear proposals, meaning these new rules will add gas and nuclear power plants to the EU taxonomy rulebook from 2023.The EU ‘taxonomy’ is a policy, or classification system, that is meant to put a handbrake on greenwashing, however […]

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