Brussels unveils plan for ‘green’ gas and nuclear label

January 1, 2022 9News Nigeria Europe 0

The European Commission unveiled on Friday night a draft green label for nuclear and gas power plants, which aims to facilitate the financing of facilities that help combat climate change.

The draft text, which has been under discussion for months and is still provisional, was sent to member states on 31 December, shortly before midnight, according to several sources contacted by AFP.

It sets out the criteria for classifying investments in nuclear or gas-fired power plants for electricity generation as “sustainable”, with the aim of directing “green finance” towards activities that contribute to reducing greenhouse gases.

France, which wants to revive its nuclear industry – a stable, low-carbon source of electricity – and central European countries such as Poland and the Czech Republic, which need to replace their highly polluting coal-fired power stations, have been calling for such a text.

Such a classification allows for a reduction in financing costs, which is crucial for the projects concerned and for the states willing to support them.

Environmentalists oppose the recognition of gas-fired power plants (which emit CO2) and nuclear power, because of the production of radioactive waste. And a small group of countries, led by Germany, have fought to exclude the atom.

But both the pro-gas and pro-nuclear groups agree that renewable energies (wind, solar, etc.), already labelled by the Commission, suffer from intermittent production and will not be able to provide low-cost electricity in the coming years, and that their production can be controlled.

The Brussels proposal, consulted by AFP, sets conditions for the inclusion of nuclear and gas, including a time limit.

For the construction of new nuclear power plants, projects will have to have obtained a building permit before 2045. Work to extend the life of existing plants will have to be authorised before 2040.

Guarantees regarding waste treatment and the dismantling of nuclear installations at the end of their life are also required.

As regards gas, described as a “transitional energy source”, investments will be recognised as “sustainable” for plants with low CO2 emissions. The Commission has set drastic thresholds: less than 100g of CO2 per kWh, a threshold that experts say is unattainable with current technologies.

However, a transition period is foreseen: power plants obtaining their construction permit before 31 December 2030 will see this threshold raised to 270 g of CO2 per kWh on condition that they replace existing infrastructures that are much more polluting and meet a series of criteria.

Source

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