The European Commission said “yes” to nuclear energy and – under certain conditions – to natural gas as eligible investments in the so-called green agenda, as the EU executive proposes to include these two energy sources as intermediate solutions until the final independence of the EU from fossil fuels.
According to Commissioner Mairead McGuinness “the EU is committed to achieving climate neutrality by 2050 and we must use all the tools at our disposal to get there. Boosting private investment in transition is the key to achieving our climate goals. We are now setting strict conditions to help mobilize funding to support this transition, away from more harmful energy sources such as coal. And we are strengthening the transparency of the market, so that investors can easily locate gas and nuclear energy activities in any investment decisions”.
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The Commission’s proposal has sparked significant controversy among EU Member States with some of them, such as Luxembourg and Denmark, threatening to sue the European Court of Justice, considering that neither nuclear energy nor gas can be included in this classification.
However, France and Germany, the two largest EU economies on which they rely, the first on nuclear energy and the second on gas, support the Commission’s proposals, at a time when energy prices have gone up.
