Spain is opposed to both having this consideration in the face of the ecological transition.
Brussels has finally made a decision. The European Comission has proposed this Saturday that Investments in nuclear energy and natural gas are considered sustainable in the ecological transition. He announced that this Friday began the inquiries about it with EU countries and experts from the Sustainable Finance Platform.“Taking into account scientific advice and current technological progress, as well as the different challenges towards the transition between Member States, the Commission considers that there is a role for natural gas and nuclear as means of facilitating the transition to a predominantly renewable future“, Brussels has indicated, according to EFE.Brussels intends to approve the delegated act this January after consultation with European governments and experts, but to enter into force, the proposal will need to be approved by the European Parliament and the Council of the EU.The Community Executive has been delaying the proposal in recent weeks and it was not until the middle of last week, in its last meeting prior to the Christmas break, when it held a debate on the call “taxonomy“.In its proposal, the Commission has proposed that receive the green label investments in nuclear power plants that receive a construction permit before 2045 and that natural gas is also considered sustainable as long as it comes from renewable energy or has low emissions in 2035.
Member States are divided on the role these two energy sources should play in the transition towards climate neutrality that Brussels wants to achieve in 2050.France leads the group of countries that want nuclear energy to be considered sustainable, while Germany It is opposed to this, although Berlin is in favor of natural gas investments receiving the green label during the transition.Spain, however, opposes that investments in either of the two sources in contention be classified as sustainable investments.Member States and experts from the Sustainable Finance Platform will have until January 12 to send your contributions to Brussels.Afterwards, the text must be approved by a simple majority in the European Parliament and by a qualified majority in the Council, that is, it must be approved by at least 20 EU countries and representing 65% of the EU population.