PowerLine Posted on January 3, 2022 by John Hinderaker
The European Union has led the way in transitioning from fossil fuels to “green” energy, i.e. wind and solar. But that effort has hit a snag: wind and solar don’t work, and energy costs in the EU are skyrocketing. Now a
Reuters report suggests that the EU may be thinking about jumping ship:
The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly.
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A draft of the Commission’s proposal, seen by Reuters, would label nuclear power plant investments as green if the project has a plan, funds and a site to safely dispose of radioactive waste. To be deemed green, new nuclear plants must receive construction permits before 2045.
Investments in natural gas power plants would also be deemed green if they produce emissions below 270g of CO2 equivalent per kilowatt hour (kWh), replace a more polluting fossil fuel plant, receive a construction permit by Dec. 31 2030 and plan to switch to low-carbon gases by the end of 2035.
More:
https://www.powerlineblog.com/archives/2022/01/will-europe-abandon-green-energy.php
