Europe says gas and nuclear energy are green

Europe says gas and nuclear energy are green
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Islam News – In a vote, the European Parliament affirmed yesterday that some gas and nuclear energy projects should be considered “green” — a controversial decision that is likely to reverberate around the world.

The move is part of a broader new E.U. law that classifies various types of energy investments as environmentally friendly and lays out detailed rules for how to assess them. The “green” label would allow some gas and nuclear projects access to cheap loans and even state subsidies.

European officials conceded that gas and nuclear energy were not perfectly aligned with environmental goals but argued that they remained important in Europe’s transition from its current energy mix toward a carbon-neutral future. Critics said that Europe’s vote — which is likely to be seen as a benchmark elsewhere — countered the bloc’s efforts to slash carbon emissions by 55 percent by 2030 and to reach carbon neutrality by 2050.

Details: The new classification for gas is likely to make it far more difficult to meet a climate goal championed at the last international climate negotiations: cutting methane, which is more potent in its ability to warm the planet than carbon dioxide emissions are.

Global politics: Europe has used its shifting energy policies to punish Russia for its invasion of Ukraine. So far E.U. nations have banned Russian coal, and most will phase out Russian oil, but they remain especially dependent on Russian natural gas for electricity and heating.

Source: The New York Times

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