Brussels, June 14 – Today, the European Parliament’s Joint Committee on Economic Affairs and Environment (ECON/ENVI) rejected the Commission’s proposal for a Complementary Delegated Act (CDA) on Taxonomy classifying fossil gas and nuclear as “green” activities. Lawmakers succeeded in mobilising comfortable majorities (76/62/4) against this classification system for private investors, qualified as “nonsense” by the financial industry itself.
Incentivising investments in new fossil gas stands at odds with limiting global warming to 1.5°C, achieving the European Union’s 2030 targets which implies reducing fossil gas consumption across the EU by 32-37% and finally, achieving the REPowerEU objective to rapidly reduce the EU’s dependence on imported fossil fuels, notably from Russia.
read more https://caneurope.org/press-release-lawmakers-kick-out-fossil-gas-and-nuclear-from-the-taxonomy/
