The Limited Times

Now you can see non-English news...

EU unveils draft green label for gas and nuclear

2022-01-01T14:35:49.677Z


It aims to facilitate the financing of installations contributing to the fight against climate change. France and central European countries are calling for this text.


The European Commission unveiled, during the night from Friday to Saturday, a green labeling project for nuclear and gas power plants, which aims to facilitate the financing of installations contributing to the fight against climate change.

The proposed text, debated for months and still provisional, was sent to member states on December 31, shortly before midnight, according to several sources contacted by AFP.

Read alsoNuclear: Germany continues to close its reactors despite its delay on its climate objectives

It sets the criteria for classifying as "

sustainable

" investments in nuclear or gas power plants for the production of electricity, with the aim of orienting "

green finance

" towards activities contributing to the reduction of greenhouse gases. tight.

France, which wants to relaunch its nuclear industry - a stable and carbon-free source of electricity - and central European countries, such as Poland or the Czech Republic, which must replace their highly polluting coal-fired power stations, demanded such a text.

Such a classification allows a reduction in financing costs, which is crucial for the projects concerned and the States wishing to support them.

Divergences

Environmentalists oppose the recognition of gas power stations (which emit CO2) and nuclear power, due to the production of radioactive waste. And a small group of countries, led by Germany, fought to exclude the atom. But both pro-gas and pro-nuclear agree in arguing that renewable energies (wind, solar, etc.), already labeled by the Commission, suffer from intermittent production and will not make it possible in the coming years to supply low-cost electricity whose production can be controlled.

The Brussels proposal sets conditions for the inclusion of nuclear and gas, in particular a time limit.

For the construction of new atomic power plants, the projects must have obtained a building permit before 2045. Concerning the works allowing to extend the life of the existing plants, they must have been authorized before 2040. Guarantees in terms of waste treatment and dismantling of nuclear installations at the end of their life are also required.

Read alsoThe Brussels plan to finance the budget

Regarding gas, qualified as a “

transitional energy source

”, the investments will be recognized as “

sustainable

” for power stations emitting little CO2.

The Commission has set drastic thresholds: less than 100 g of CO2 per kWh, a threshold unattainable with current technologies according to experts.

However, a transition period is planned: the power stations obtaining their building permit before December 31, 2030, will see this threshold raised to 270 g of CO2 per kWh on the condition of replacing existing infrastructures that are much more polluting and meet a series of criteria.

Source: lefigaro

All business articles on 2022-01-01

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.