The European Commission attempted to bury news of its last-minute move which jeopardises the EU’s Green Deal and greenwashes fossil fuels, Transport & Environment (T&E) says. Originally published on Transport & Environment. Gas power plants and
The European Commission attempted to bury news of its last-minute move which jeopardises the EU’s Green Deal and greenwashes fossil fuels, Transport & Environment says.Gas power plants and nuclear energy should be labelled “green” investments, the European Commission announced late on New Year’s Eve.
The green finance rules determine which economic activities are labelled as environmentally sustainable in order to direct investments into those activities. Earlier in 2021, the Commission proposed the inclusion of fossil gas in the taxonomy. Faced with resistance, they postponed the decision to publish a second amendment to the rules at the end of the year.
The draft Act was published at 10pm on New Year’s Eve with a deadline for comments by the technical expert group set for January 12th. This is a clear attempt to minimise media reactions and proper scrutiny, says T&E. The European Parliament will have up to six months to scrutinise it, and ultimately accept or reject the bill.
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