Gas and nuclear have been recognized as energy sources useful for the ecological transition of the European Union (scheduled for 2050) and can obtain, under certain conditions, the EU label for green investments.

This was decided by the European Commission with the adoption of the related delegated act.

As anticipated, the provision was launched with marginal changes compared to the draft of last December 31st . Now he will have to pass the examination of the Council and Parliament.
The changes concern the removal of intermediate targets, for the conversion of natural gas plants to decarbonised gases, and the part on transparency for investors, so that they are informed if financial products are in any way linked to gas and nuclear.

The first change was requested by Germany. The second from the Sustainable Finance Platform.
The rest of the criteria are practically the same for both nuclear and gas.

Currently, fossil fuels continue to be the beating heart of the production system and domestic consumption: according to data collected by Eurostat, the European statistical institute, despite having been in constant decline for years, in 2020 oil (34.5%) and natural gas (23.7%) were still the most important sources in the EU energy mix.

Holland has the record for the share of electricity produced with gas, almost 70%. Greece (58%) and Italy (55%) follow, an example of a country highly dependent on foreign supplies of fossil fuel.

(Unioneonline / F)

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