EU Admits It Can’t Go Net-Zero Without Natural Gas Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. The not-so-good news is that speaking of emissions, the EU might oblige suppliers to minimize these as much as is possible.
In the early days of the rush to cut emissions, natural gas was hailed as what many called a bridge fuel, the bridge being between fossil fuels and renewable energy. Then, as the rush accelerated, the bridge-fuel status of natural gas began to be questioned, increasingly loudly.
EU Admits It Can t Go Net-Zero Without Natural Gas
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EU Admits It Can t Go Net-Zero Without Natural Gas
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The European Commission plans to delay a decision on whether to label nuclear and natural gas power plants as a sustainable investment under green finance rules due to be published next week, according to a leaked document seen by EURACTIV.
The EU executive is due to publish on 21 April the first section of its “sustainable finance taxonomy,” a long list of economic activities plus the specific rules they must meet to be labelled as green investments in the EU.
The rules, spelled out in a “Taxonomy Climate Delegated Act”, set out detailed green finance criteria for undisputed low-carbon technologies like renewables but leaves out gas and nuclear power for a separate decision to be take at a later stage by EU member states and the European Parliament.