Breakingviews - EU greenwash laxity could see it build back worse
this tweak also creates a problematic loophole. Because the allowable emissions are averaged over a 20-year timeframe, a project that spewed out way more than 550 kilogrammes of carbon a year in a shorter period can still be taxonomy-compliant. Its developers would just need to show emissions will decline over time due to carbon capture, utilisation and storage technology, despite “CCUS” not currently being commercially viable.
The loser is the planet. Unless the draft is overhauled, more CO2 could be emitted than Europe can afford to hit its decarbonisation targets. And the taxonomy, supposed to help stamp out greenwashing, will instead enable it.- The European Commission said on Jan. 10 it had delayed to later this month the deadline for experts to give feedback on divisive plans to allow some natural gas and nuclear energy projects to be labelled as sustainable investments.
- Brussels said on Jan. 10 its expert advisers will have until Jan. 21 to provide feedback on the draft proposal, rather than until Jan. 12 as initially planned.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EU greenwash laxity could see it build back worseEurope’s green taxonomy is meant to direct billions of euros towards clean energy so a post-virus continent can “build back better”. Yet political fudges mean gas and nuclear count as sustainable. Worse, the tool’s new draft contains loopholes that could make it dirtier still.
Lire la suite »
EU shipping plan leaves millions of tonnes of CO2 unregulated -studyEuropean Commission proposals to bring shipping into the bloc's carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday.
Lire la suite »
EU Parliament President David Sassoli dies at 65, remembered as champion for democracySassoli's death has been attributed to immune system complications.
Lire la suite »
EU allies coordinate stance with US ahead of NATO-Russia talksNATO and Russian officials will gather in Brussels in a high-stakes meeting to discuss Ukraine border tensions. Both sides had stopped talking after Moscow annexed Crimea in 2014.
Lire la suite »
EU Says 'Premature' to Have Urgent WTO Meeting on Covid-19'The pandemic hasn't lasted long enough for the E.U.?'
Lire la suite »
EU greenwash laxity could see it build back worseEurope’s green taxonomy is meant to direct billions of euros towards clean energy so a post-virus continent can “build back better”. Yet political fudges mean gas and nuclear count as sustainable. Worse, the tool’s new draft contains loopholes that could make it dirtier still.
Lire la suite »