She says the bloc has compromised its green goals
as stipulated in the Paris Climate Agreement. In a credible, ambitious, and science-based taxonomy, nuclear and gas are not part of that picture.There are many problems with categorizing nuclear energy as a “transition technology”. First of all, nuclear power plants take many years to build, which means nuclear energy cannot make a significant contribution to protecting the climate in the timeframe needed.
With the proposed criteria, we fall behind existing market standards for the certification of green financial products. The level of ambition is even below the taxonomies of other countries such as Russia and China. As a result, the E.U. risks not living up to its own claim to be a global leader in climate and environmental protection.We have to assume the E.U. Commission’s decision-making process was heavily driven by fossil and nuclear lobbies. The E.U.
We have also commissioned a legal opinion on nuclear power in the taxonomy from the law firm Redeker Sellner Dahs. They conclude that nuclear power does not meet the sustainability criteria of the Taxonomy Ordinance. Therefore, there is no legal basis for including nuclear power in the taxonomy. The precautionary principle was also not sufficiently taken into account. In our view, the proposed threshold values clearly contradict the goals of the Paris climate protection agreement.
Our position in Austria is, and remains, very clear: we advocate an ambitious, science-based, and transparent E.U. taxonomy without greenwashing, which ensures Europe’s climate goals and frees itself from Russian energy dependency as quickly as possible. This is the only way to make our energy network resilient and fit for the future.
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