OIL AND GAS
Spain, Denmark oppose EU green label for gas, nuclear
by AFP Staff Writers
Madrid (AFP) Feb 21, 2022

Spain and Denmark reiterated Monday their opposition to plans by the European Union to label gas and nuclear energy projects as green investments, an issue that has divided the bloc.

The two nations believe such a move would send "the wrong message to investors and society as a whole", Spanish Prime Minister Pedro Sanchez told a joint news conference in Madrid with his Danish counterpart Mette Frederiksen.

The European Commission drafted plans late last year to label gas and nuclear energy as green investments, a move it hopes will steer huge sums of private capital into activities that support EU climate goals.

But Austria and Luxembourg have along with Spain and Denmark opposed the EU's draft plans for a so-called "sustainable finance taxonomy".

Heavyweight Germany opposes labelling nuclear power as sustainable, but not gas.

Sanchez and Frederiksen believe decisions about the new rulebook should have a "strictly scientific basis", a "position shared by Austria and Luxembourg". the Spanish government said in a statement after the two leaders met.

EU member states are awaiting the commission's final proposal, which it has said it will publish soon, without giving a date.

Once published, a majority of the European Parliament or a super-majority of EU member states -- 20 of the 27 countries -- could block the rules.

It is unlikely that such a majority will be reached since a dozen nations including nuclear-reliant France back the new rulebook.


Related Links
All About Oil and Gas News at OilGasDaily.com

OIL AND GAS
Making Hydrogen fuel anywhere: ONR tests prototype to power Marines in expeditionary environments
Arlington VA (SPX) Feb 17, 2022
U.S. Marines often operate in extremely harsh environments - including remote islands, hot deserts, rugged mountains and frozen, barren landscapes. While these warfighters employ sophisticated, technologically superior equipment and weaponry in the field, such tools need large amounts of fuel and energy to perform - a tough demand in austere operating environments. To address this, the Office of Naval Research (ONR) Global TechSolutions program is sponsoring efforts by the Massachusetts Inst ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
SBIRS GEO-5 operationally accepted after exceeding on-orbit testing expectations

UAE intercepts Yemen rebel ballistic missile: defence ministry

UAE intercepts two ballistic missiles fired by Yemen rebels: defence ministry

ULA launches two new Space Force tracking satellites into orbit

OIL AND GAS
Iran Guards unveil missile said to put Israel in reach

AARGM-ER missile completes second successful missile live fire

Pentagon hopes to 'Light a Fire' for hypersonic development during high-level defense meeting

North Korea says Sunday test was Hwasong-12 missile

OIL AND GAS
Drones autonomously navigate heavily congested air traffic

ALIAS equipped Black Hawk helicopter completes first unmanned flight

Bristol scientists develop insect-sized flying robots with flapping wings

UAE reports new drone attack as US to send warship, jets

OIL AND GAS
Lockheed Martin to prototype new US Marine Corps 5G communications system

Raytheon Intelligence and Space completes Next Gen OPIR GEO Block 0 Milestone

Northrop Grumman and Kratos Demonstration Brings JADC2 Connectivity to Life

DARPA researchers use light on chip to drive next-generation RF Platforms

OIL AND GAS
AFRL'S PNT AgilePod achieves flight test objectives

OIL AND GAS
Pentagon fights defense industry consolidation

Lockheed Martin ends takeover of Aerojet after US lawsuit

Indonesia to buy US, French warplanes as Paris boosts Asia alliances

First UAE National Council delegation visits Israeli parliament

OIL AND GAS
US says Russian force 'near 100%' for Ukraine invasion

US seeking way 'to avoid further conflict' in Ukraine: Pentagon chief

US cautious on whether Russian troops to Donbass equals invasion

US, allies lambast Russia over Ukraine at UN Security Council

OIL AND GAS
Nanotube films open up new prospects for electronics

Using the universe's coldest material to measure the world's tiniest magnetic fields

Self-assembling and complex, nanoscale mesocrystals can be tuned for a variety of uses

Columns designed from nanographenes