Berliner Boersenzeitung - EU nations quarrel over whether nuclear, gas are 'green'

EUR -
AED 3.831072
AFN 72.927229
ALL 98.419269
AMD 410.271893
ANG 1.872215
AOA 957.496706
ARS 1061.692588
AUD 1.668305
AWG 1.877444
AZN 1.777282
BAM 1.955189
BBD 2.097545
BDT 124.141237
BGN 1.955855
BHD 0.391978
BIF 3071.340978
BMD 1.043024
BND 1.410859
BOB 7.178758
BRL 6.347889
BSD 1.038876
BTN 88.318423
BWP 14.358517
BYN 3.399738
BYR 20443.276614
BZD 2.088248
CAD 1.495916
CDF 2993.480167
CHF 0.932343
CLF 0.037343
CLP 1030.408256
CNY 7.610327
CNH 7.606363
COP 4547.280118
CRC 524.136339
CUC 1.043024
CUP 27.640144
CVE 110.230581
CZK 25.128859
DJF 184.992236
DKK 7.459297
DOP 63.260247
DZD 140.605096
EGP 53.072428
ERN 15.645365
ETB 129.499464
FJD 2.41674
FKP 0.826056
GBP 0.830004
GEL 2.931306
GGP 0.826056
GHS 15.271232
GIP 0.826056
GMD 75.098122
GNF 8975.197506
GTQ 8.004501
GYD 217.342135
HKD 8.109462
HNL 26.370766
HRK 7.481515
HTG 135.907563
HUF 414.018477
IDR 16867.059138
ILS 3.811566
IMP 0.826056
INR 88.607528
IQD 1360.875069
IRR 43898.289923
ISK 145.105945
JEP 0.826056
JMD 162.539247
JOD 0.739613
JPY 163.175981
KES 134.118122
KGS 90.743481
KHR 4174.696457
KMF 486.179751
KPW 938.721302
KRW 1508.651632
KWD 0.3212
KYD 0.86573
KZT 545.579643
LAK 22737.90012
LBP 93027.952144
LKR 305.004763
LRD 188.551125
LSL 19.125728
LTL 3.07978
LVL 0.630915
LYD 5.104406
MAD 10.455435
MDL 19.135025
MGA 4901.469523
MKD 61.515792
MMK 3387.702296
MNT 3544.196494
MOP 8.316603
MRU 41.315099
MUR 49.23465
MVR 16.066474
MWK 1801.337535
MXN 20.945288
MYR 4.701994
MZN 66.653144
NAD 19.125728
NGN 1616.208293
NIO 38.228063
NOK 11.807144
NPR 141.309876
NZD 1.844266
OMR 0.401355
PAB 1.038876
PEN 3.868392
PGK 4.212685
PHP 61.403232
PKR 289.16061
PLN 4.263169
PYG 8100.470639
QAR 3.787117
RON 4.976899
RSD 116.931488
RUB 107.374772
RWF 1448.147818
SAR 3.91792
SBD 8.744252
SCR 14.545014
SDG 627.382961
SEK 11.507274
SGD 1.414241
SHP 0.826056
SLE 23.784779
SLL 21871.701575
SOS 593.714613
SRD 36.642527
STD 21588.497505
SVC 9.090162
SYP 2620.630141
SZL 19.121029
THB 35.692677
TJS 11.364851
TMT 3.661015
TND 3.310266
TOP 2.442871
TRY 36.580744
TTD 7.050798
TWD 34.034966
TZS 2467.229611
UAH 43.568696
UGX 3810.81008
USD 1.043024
UYU 46.335532
UZS 13393.817798
VES 53.689938
VND 26550.18399
VUV 123.829936
WST 2.881655
XAF 655.752242
XAG 0.03535
XAU 0.000398
XCD 2.818826
XDR 0.792453
XOF 655.752242
XPF 119.331742
YER 261.147252
ZAR 19.097296
ZMK 9388.474223
ZMW 28.750023
ZWL 335.853405
  • SCS

    -0.5800

    11.74

    -4.94%

  • BCC

    -0.2600

    122.75

    -0.21%

  • NGG

    0.8200

    58.5

    +1.4%

  • CMSD

    0.0000

    23.56

    0%

  • RBGPF

    59.9600

    59.96

    +100%

  • JRI

    0.1100

    12.06

    +0.91%

  • RIO

    -0.0900

    58.64

    -0.15%

  • CMSC

    0.0200

    23.86

    +0.08%

  • AZN

    0.9100

    65.35

    +1.39%

  • RYCEF

    -0.0100

    7.27

    -0.14%

  • BTI

    0.1131

    36.24

    +0.31%

  • GSK

    0.1700

    33.6

    +0.51%

  • BCE

    0.0500

    23.16

    +0.22%

  • VOD

    0.0100

    8.39

    +0.12%

  • RELX

    -0.3100

    45.47

    -0.68%

  • BP

    0.1900

    28.6

    +0.66%

EU nations quarrel over whether nuclear, gas are 'green'
EU nations quarrel over whether nuclear, gas are 'green'

EU nations quarrel over whether nuclear, gas are 'green'

Hours before the window for lodging objections closes, EU environment and energy ministers meeting in France Friday differed sharply on a European Commission provision that would classify nuclear and natural gas energy as "sustainable".

Text size:

The controversy pits countries led by France -- where nuclear generates a world-leading 70 percent of electricity -- against Germany, Austria and others in the 27-nation bloc.

Debate over the Commission's so-called "taxonomy" is not on the agenda of the informal, three-day talks in Amiens, but flared nonetheless.

In late December the European Commission unveiled a classification labelling investment in nuclear gas-based energy as sustainable, in order to favour sectors that reduce the greenhouse gas emissions driving global warming.

Nuclear power is carbon-free, and gas is significantly less polluting than coal.

Countries in the European Union had until midnight Friday to suggest modifications.

After that, the Commission -- taking these suggestions into account -- must "rapidly" publish a final text that will be definitely adopted four months later.

Passage in its current form seems more than likely: it would take a majority of deputies in the EU parliament or 20 of the 27 members states to derail it, and critical mass is lacking in both cases.

A letter to the executive European Commission from some European Parliament deputies protesting that the period for suggesting changes was too short has fallen on deaf ears.

And among EU member states, a dozen have backed France's position and the Commission's proposed taxonomy.

Many are central European nations looking to switch from carbon-intensive coal-fired power to natural gas.

"Nuclear is a decarbonised energy," French environment minister Barbara Pompili told journalists in Amiens.

"We cannot deprive ourselves of it at the same time that we need to very rapidly reduce our carbon emissions."

- 'A very bad signal' -

Despite the strong headwinds, anti-nuclear resistance has not subsided.

"It is neither sustainable nor economic", countered Germany environment minister Stefan Tidow. "It is not a green energy."

Luxembourg and Austria have gone even further, threatening to take the case to court if nuclear is certified as sustainable, citing the risk of accidents and the as-yet unresolved problem of nuclear waste.

"It would be greenwashing," Luxembourg's environment minister, Carole Dieschbourg, told AFP.

"And it would send a very bad signal: it is not a transition energy, it takes too long," she added, alluding to the lag time for building nuclear reactors.

Her Austrian counterpart, Leonore Gewessler, said labelling nuclear power as sustainable will "undermine the credibility of the taxonomy" because it does not fulfil the legal criterion of "not causing damage to the environment".

The EU Commission has proposed a measure requiring financial products to specify what percentage of the activities financed involve nuclear energy, a transparency measure that would allow investors to steer clear if they wanted to.

Berlin has expressed reservations about joining Vienna and Luxembourg in a legal challenge.

"For now, we're working on our response, and when the Commission presents a new text we'll analyse it from a legal standpoint," said Germany state secretary for economic affairs and climate action Sven Giegold.

Austria has also objected to tagging gas as sustainable, with The Netherlands -- which backs the label for nuclear energy -- arguing "there is no scientific reason to include" gas.

Polish undersecretary of state for the environment Adam Guibourge-Czetwertynski disagreed.

"Gas replacing coal because there's nothing better in the short term, that makes sense," he said.

(T.Renner--BBZ)