9,321.64 TRY BIST 100 BIST 100
38.18 USD USD USD
5.27 CNY CNY CNY
44.06 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

EU defines nuclear energy and gas as "green investment"

The European Union (EU) has classified new nuclear energy and natural gas projects as sustainable investments.

EU defines nuclear energy and gas as "green investment"

The EU Commission has announced the legislative proposal that includes new rules on the classification of energy investments in member states.

Accordingly, gas and nuclear projects that contribute to the achievement of Europe's climate targets and fulfill various conditions will be included in the list of sustainable investments.

Nuclear power plant investments, which are licensed until 2045, use advanced technologies, do not harm the environment and can dispose of their wastes safely, will be defined as green and sustainable economic activity.

Natural gas investments that received construction permits before the end of 2030, contributed to the transition from coal to renewable energy and emit less than 270 grams of carbon emissions per kilowatt-hour were also included in the said classification.

The EU classification aims to channel private sector investments into activities necessary to achieve climate goals.

Some countries, environmentalists and various non-governmental organizations see the definition of nuclear and natural gas as sustainable and green inconsistent with the EU climate targets and describe it as a "green eyewash".

About 10 countries, led by France, Poland and Hungary, demanded that nuclear energy be included in the green investment classification framework, stating that it is an effective, safe and competitive resource in the fight against climate change.

A group of countries led by Germany wanted natural gas to be considered sustainable in EU investment classification rules for a while.

Countries such as Germany, Austria, Luxembourg, Denmark, Portugal and Spain are reacting harshly to the EU's definition of nuclear as climate and environment friendly.

Austria and Luxembourg announced that they will initiate legal proceedings against the regulation in the European Court of Justice.

The Netherlands and Denmark also oppose the adoption of natural gas as sustainable.

In order to reject the legislation in question, 20 member states representing at least 65 percent of the Union's population in the EU Council must oppose it or the majority of MEPs must not approve it.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China warns of retaliation: “We will retaliate against countries that harm our interests”

Monday, April 21, 2025

EU resumes free trade negotiations with Gulf states

Monday, April 21, 2025

Green hydrogen could play a role in closing Türkiye's current account deficit

Monday, April 21, 2025

Tariff exemption from Trump for technology products

Sunday, April 13, 2025

US and Iran nuclear talks described as constructive

Sunday, April 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now