Green finance: “There are no more limits to the French obsession with nuclear power”. Luxembourg’s Energy Minister, Claude Turmes, does not like the turn taken by the European Commission’s future tool to direct investments towards the low-carbon transition, called “taxonomy”. States, including France and Hungary, are campaigning to include nuclear and gas. At the expense of the climate emergency.
Ouest France 2nd April 2021 read more »
Together with Eastern European leaders, French President Emmanuel Macron co-signed a letter calling on the European Commission to include nuclear energy in its Green taxonomy. The letter was written on March 19th and was public after a European Council summit held on March 25th. The European taxonomy establishes an extensive list of “sustainable” activities which will help achieve the carbon neutrality target by 2050 and will benefit from targeted investments. In the framework of that classification, nuclear energy currently finds itself under the “does not harm” label, which doesn’t make it eligible for investments with lower tax rates.
Oil Price 3rd April 2021 read more »