In controversial move, EU says nuclear power and gas can be green investments - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/03\/02\/in-controversial-move-eu-says-nuclear-power-and-gas-can-be-green-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In controversial move, EU says nuclear power and gas can be green investments - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: The European Commission inflamed tensions over what role nuclear energy and gas should play in the clean energy transition when it proposed new rules today on what can be labeled a \u201cgreen investment.\u201d After more than a year of heated debate, it decided to consider gas and nuclear \u201csustainable\u201d under certain conditions. \u201cTaking account […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2022\/03\/02\/in-controversial-move-eu-says-nuclear-power-and-gas-can-be-green-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-02T15:28:37+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/03\/02\/in-controversial-move-eu-says-nuclear-power-and-gas-can-be-green-investments\/\",\"url\":\"https:\/\/scienceandnerds.com\/2022\/03\/02\/in-controversial-move-eu-says-nuclear-power-and-gas-can-be-green-investments\/\",\"name\":\"In controversial move, EU says nuclear power and gas can be green investments - 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\n

The European Commission inflamed tensions over what role nuclear energy and gas should play in the clean energy transition when it proposed new rules<\/a> today on what can be labeled a \u201cgreen investment.\u201d After more than a year of heated debate, it decided to consider gas and nuclear \u201csustainable\u201d under certain conditions. <\/p>\n
\u201cTaking account of scientific advice and current technological progress, the Commission considers that there is a role for private investment in gas and nuclear activities in the transition,\u201d the Commission said in its announcement<\/a>. <\/p>\n
The EU has committed<\/a> to producing no net greenhouse gas emissions by 2050 \u2014 a target research<\/a> has shown is necessary worldwide to prevent the worst effects of climate change. By 2030, the EU plans to slash emissions by more than half compared to 1990 levels. <\/p>\n
\n\u201cWe need to use all the tools at our disposal\u201d<\/q><\/aside>\n<\/div>\nTo reach those goals, the bloc will need a grid that runs on carbon-free energy. But how much of that mix will consist of renewables like wind and solar versus more controversial energy sources like nuclear energy and gas is still up for debate. Nuclear energy comes with concerns about accidents and what to do with radioactive waste. The gas industry, meanwhile, has sold itself as a cleaner-burning alternative to other fossil fuels \u2014 but recent research has shown that it\u2019s more polluting<\/a> than previously thought because of methane leaks. Methane, which makes up a majority of \u2018natural gas,\u2019 is a greenhouse gas more than 25 times as potent<\/a> as carbon dioxide.<\/p>\n
\u201cWe need to use all the tools at our disposal,\u201d Mairead McGuinness, commissioner for financial services, financial stability, and Capital Markets Union, said in a press statement. \u201cToday we are setting out strict conditions to help mobilise finance to support this transition, away from more harmful energy sources like coal.\u201d<\/p>\n
Under the Commission\u2019s new rules, certain nuclear and gas projects can be labeled sustainable \u201ctransitional activities.\u201d That means they\u2019re supposed to help phase out dirty energy sources. The provisions outlined by the Commission include a 2030 deadline to get construction permits for new gas projects that limit their emissions and replace coal. New nuclear plants eligible to qualify as a sustainable investment would need to secure their construction permits by 2045. <\/p>\n
These new requirements represent an effort to classify nuclear energy and gas according to the EU Taxonomy, a set of guidelines for investors that\u2019s meant \u201cto prevent greenwashing\u201d<\/a> by defining<\/a> what\u2019s considered sustainable. <\/p>\n
Those in favor of considering nuclear and gas sustainable under the right conditions say the technologies are needed to provide a consistent source of power when there isn\u2019t abundant sunshine and wind. In the future, advanced batteries could solve that limitation with solar and wind energy. But in the meantime, there are already existing nuclear and gas power plants that can step in to keep the grid reliable, proponents say. <\/p>\n
Nuclear and gas industries have also been promising technological advances to quell environmental and safety concerns. Small modular nuclear reactors under development, for instance, might require less fuel than older, less advanced reactors. Fossil fuel companies have also sold carbon capture technologies as a way to draw down planet-heating pollution coming from power plants. But the high costs of deploying these technologies have raised concerns about their feasibility and how they might affect customers\u2019 utility bills. Energy prices are already volatile in Europe as countries phase out coal and grapple with a tight gas supply that Russia could squeeze<\/a> further as a political bargaining tool. <\/p>\n
\nFrance against Germany and Austria<\/q><\/aside>\n<\/div>\nThe controversy swirling around nuclear energy, in particular, pits France against Germany and Austria. France already sources more than 70 percent of its electricity from nuclear plants (making it more reliant on nuclear energy than any other country in the world), and it plans to build even more nuclear reactors<\/a> to hit its climate targets. Germany, on the other hand, plans to shut down all of its nuclear plants by the end of the year. Austria, which has also opposed an expansion of nuclear energy, threatened to take legal action<\/a> against the new rules.<\/p>\n
The new rules will go into effect in 2023 unless enough member states or Members of the European Parliament vote to block them. So far, about 250 MEPs have committed to blocking the rules, <\/em>Reuters<\/em> reports<\/a>. At least 353 votes are needed to stop the measures from moving forward. <\/p>\n
\n<\/aside>\n<\/div>\n
<\/br><\/code><\/p>\nSource: https:\/\/www.theverge.com\/2022\/2\/2\/22914195\/eu-nuclear-energy-gas-sustainable-climate-investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Source: The European Commission inflamed tensions over what role nuclear energy and gas should play in the clean energy transition when it proposed new rules today on what can be labeled a \u201cgreen investment.\u201d After more than a year of heated debate, it decided to consider gas and nuclear \u201csustainable\u201d under certain conditions. \u201cTaking account […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,26,17],"tags":[18],"class_list":["post-607","post","type-post","status-publish","format-standard","hentry","category-environment","category-science","category-tech","tag-tech"],"yoast_head":"\nIn controversial move, EU says nuclear power and gas can be green investments - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/03\/02\/in-controversial-move-eu-says-nuclear-power-and-gas-can-be-green-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In controversial move, EU says nuclear power and gas can be green investments - 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