Solomon's Cairn

From Reuters BRUSSELS, July 6 (Reuters) - The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight climate change. That just about gives you the short version. Some points to clear up: this (apparently) isn't a rash movement that is occurring only because of the current energy crisis. The question of whether nuclear energy and gas could be classified as 'green' aka sustainable under the EU taxonomy was put forward back in 2020, with the rules now in the news being put forward back in early February of this year, prior to the Russian invasion of Ukraine. Secondly, the article doesn't claim that the EU plans to declare that nuclear energy or gas are 'green,' rather that investment into nuclear and gas would count as investment in green energy, which doubtless carries all sorts of financial

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