In controversial move, EU says nuclear power and gas can be green investments
The European Commission inflamed tensions over what role nuclear energy and gas should play in the clean energy transition when it proposed new rules today on what can be labeled a “green investment.” After more than a year of heated debate, it decided to consider gas and nuclear “sustainable” under certain conditions.
“Taking account of scientific advice and current technological progress, the Commission considers that there is a role for private investment in gas and nuclear activities in the transition,” the Commission said in its announcement.
The EU has committed to producing no net greenhouse gas emissions by 2050 — a target research has shown is necessary worldwide to prevent the worst effects of climate change. By 2030, the EU...