{"id":43328,"date":"2022-09-29T07:01:00","date_gmt":"2022-09-29T05:01:00","guid":{"rendered":"https:\/\/www.kyotoclub.org\/?p=43328"},"modified":"2022-10-04T07:04:17","modified_gmt":"2022-10-04T05:04:17","slug":"brussels-sued-for-including-fossil-gas-in-eus-green-finance-taxonomy","status":"publish","type":"post","link":"https:\/\/www.kyotoclub.org\/en\/news-en\/news-from-the-world\/2022\/09\/29\/brussels-sued-for-including-fossil-gas-in-eus-green-finance-taxonomy\/","title":{"rendered":"Brussels  sued for including fossil gas in EU\u2019s green finance  taxonomy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In a controversial move earlier this year, the European Commission gave gas power plants a \u2018sustainable\u2019 label under the EU\u2019s green finance taxonomy, provided the technology meets a certain CO2 emissions threshold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But environmental groups argue the legislation, <a href=\"https:\/\/www.euractiv.com\/section\/energy-environment\/news\/parliament-backs-eu-plan-to-award-green-label-for-gas-nuclear-investments\/\" rel=\"noreferrer noopener\" target=\"_blank\">which survived a European Parliament vote on 6 July<\/a>, clashes with the European Climate Law and does not respect the EU\u2019s obligations under the Paris Agreement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGas is a potent fossil fuel that threatens European energy security and has led to sky-high energy prices across Europe,\u201d argue the four NGOs \u2013&nbsp;ClientEarth, WWF\u2019s European Policy Office, Transport &amp; Environment (T&amp;E), and BUND (Friends of the Earth Germany).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the group, the label risks channelling more money into fossil gas power plants, and steer away investments from greener technologies like renewable energies and demand reduction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.eceee.org\/all-news\/news\/news-2022\/brussels-sued-for-including-fossil-gas-in-eus-green-finance-taxonomy\/\">More&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ClientEarth, WWF\u2019s European Policy Office, Transport &#038; Environment (T&#038;E), and BUND (Friends of the Earth Germany) started legal action against the European Commission on Monday (19 September) after the EU executive passed a contentious law to include fossil gas into the EU\u2019s list of sustainable investments.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"kc_post_selected_socio_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26],"tags":[],"class_list":["post-43328","post","type-post","status-publish","format-standard","hentry","category-news-from-the-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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