Will Nuclear and Natural Gas be “Green”? It seems so. Hypocrisy of “Green” Europe

On Wednesday the Commission will present, after months of work, its own "Taxonomy" of investments, that is in general what is "Green" for the European Commission and what is not, so that companies and especially Banks and Investment Funds can dine on the few resources made available. However, WELT points out that two themes will be absent from the document: NATURAL GAS, and NUCLEAR.

German entrepreneurs and companies are very attentive on the first issue, as they fear being heavily penalized, if not abandoned to themselves, by the new energy policies strongly desired above all by their country. As beautiful as the wind turbines are, it does not appear that they will soon be able to meet the energy needs of the German industry. After all, Nord Stream 2, the mega gas pipeline from Russia, will have been built to make something of all that gas it carries. and what better to use it than to produce electricity. pity that Natural Gas produces CO2 exactly like dirty lignite in slow disposal.

On the second issue, however, the French are very active, producing as much as 70% of nuclear energy and having a very active industry in the sector. If this type of energy entered the taxonomy positively, we would literally have a boom in the nuclear industry which France could take advantage of from the point of view of finance and industry. Too bad that the nuclear industry, in its current state, produces annoying nuclear waste which is not well known what to do. Therefore, with current technologies, pending fusion, even nuclear power would not be green, but .. it has not been excluded. In fact, I bet a euro that will be included by the end of the year.

Then the Commission, pressured by its majority shareholders, decides not to decide and presents a "Taxonomy", a classification, completely incomplete and frankly ridiculous. A bit as if the championship standings excluded Inter and Juve because they haven't played the Italian derby yet, so to speak. Meanwhile, Italy remains to watch, represented in the Commission only by superfluous and secondary characters. We are obviously not interested in industrial policy.

Will the article Nuclear and Natural Gas be “Green”? It seems so. Hypocrisy of “Green” Europe comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/nucleare-e-gas-naturale-saranno-verdi-pare-proprio-di-si-ipocrisia-delleuropa-verde/ on Sat, 17 Apr 2021 10:00:42 +0000.