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EU draft on financing nuclear and gas plants raises ire

EU draft on financing nuclear and gas plants raises ire

ABC News
Sunday, January 02, 2022 01:17:47 PM UTC

Draft European Union plans that would allow nuclear and gas energy to remain part of the bloc’s path to a climate-friendly future came under immediate criticism over the weekend

BRUSSELS -- Draft European Union plans that would allow nuclear and gas energy to remain part of the bloc's path to a climate-friendly future came under immediate criticism over the weekend from both environmentalists and some governing political parties in EU member nations.

In draft conclusions seen by The Associated Press, the EU's executive commission proposes a classification system for defining what counts as an investment in sustainable energy. Under certain conditions, it would allow gas and nuclear energy to be part of the mix.

The plans would have a huge impact on nuclear-fired economies like France and on Germany's gas-fueled power plants since they might have had to fundamentally change their strategies.

Energy use accounts for about three-quarters the greenhouse gas emissions produced in the EU and is thus instrumental to the 27-nation bloc's efforts to meet its commitments for curbing global warming.

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