Australian news, and some related international items

The European Commission struggles with push to have nuclear power included as clean and sustainable

The Green Brief: Gas, nuclear and the EU taxonomy saga

By Frédéric Simon and Kira Taylor | 27 Oct 21, ……………………………..The EU taxonomy regulation has created three categories for sustainable investments: “green”, “enabling” and “transition”. In an interview with the FT, McGuiness said a possible compromise could be to create a new “amber” category for activities that are not “green” as such but are still helpful for the green transition. The Commission is also looking at redefining the “transition” category to prevent the taxonomy from becoming too “binary”, McGuiness said.

With the creation of a new intermediate category, and the definition of clear sustainability thresholds for nuclear and gas, the European Union may just have found the answer to a question that has been bogging down the taxonomy for years.

Some will denounce it as a fudge and an assault on the EU’s green objectives. Others will call it a pragmatic answer to one of the trickiest questions posed by the energy transition.

October 28, 2021 - Posted by | Uncategorized

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