Members of the European Parliament accused Mairead McGuinness and the EU executive of insulting their institution by reversing their vote not to include nuclear in the sustainable investment taxonomy. The commissioner said the divisive energy sources will be needed to keep the lights on.
A speech delivered by the European Commission’s executive VP for the European Green Deal reiterated the EU executive’s belief natural gas will play a part in the energy transition, 24 hours before a member of an advisory panel hit out at plans to deem gas and nuclear sustainable energy sources.
The Platform on Sustainable Finance was unstinting in its criticism of a suggestion made by the EU executive on New Year’s Day, that the divisive energy sources be considered eligible for support in the bloc.
The EU today confirmed natural gas-fired power and heat generation facilities can qualify for Covid-recovery spending as long as they fulfil a maximum emission target or are accompanied by credible member-state plans to ramp up renewables usage.
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