Thread by @AnnaHbrt

[Taxonomy} Experts of the Platform on #SustainableFinanceEU sent a negative opinion to the @EU_Commission on the inclusion of gas and nuclear
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[Gas and nuclear] "activities could not be considered sustainable within the meaning of the Taxonomy Regulation."
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On gas « Only the first criteria : a life-cycle GHG emissions from the generation of electricity using fossil gaseous fuels are lower than 100 g CO2e/kWh - ensures a substantial contribution to climate change mitigation from individual gas-fired energy facilities »
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On nuclear : « The criteria do not ensure no significant harm to the sustainable use and protection of water and marine resources, the transition to a circular economy, pollution prevention and control, or the protection and restoration of biodiversity and ecosystems »
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« In the case of new nuclear plants, the criteria do not ensure a substantial contribution to 2050 climate neutrality goals and would require substantial changes to do so.»
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Finally, « the draft disclosure arrangements are unsuitable for financial markets as they do not sufficiently distinguish the [gas and nuclear] activities from other Taxonomy aligned disclosures »
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Here is the link to the report : ecostandard.org/wp-content/upl…