We can do the right thing to create positive change within ourselves and the world around us! I have created this blog with the intention of keeping you informed of news that is affecting humanity and nature throughout the world! There is no better time than the present to become a global participant and not just an innocent bystander. I have provided you with several websites to help empower yourself and a list of global organizations that you can choose from to make a difference.
Reuters published July 6, 2022: EU votes to tag gas, nuclear investment 'green'. The European Parliament has backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, thwarting attempts to block the law that has exposed deep rifts over how to fight climate change.
reporting by Kate Abnett; additional reporting by Vera Eckert; Editing by John Chalmers, Alexandra Hudson
Wednesday July 6, 2022
BRUSSELS - The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight climate change.
The vote paves the way for the European Union proposal to pass into law, unless 20 of the bloc's 27 member states decide to oppose the move, which is seen as very unlikely.
The new rules will add gas and nuclear power plants to the EU "taxonomy" rulebook from 2023, enabling investors to label and market investments in them as green.
Out of 639 lawmakers present, 328 opposed a motion that sought to block the EU gas and nuclear proposals.
The European Commission welcomed the result. It proposed the rules in February after more than a year of delay and intense lobbying from governments and industries.
"The Complementary Delegated Act is a pragmatic proposal to ensure that private investments in gas and nuclear, needed for our energy transition, meet strict criteria," EU financial services chief Mairead McGuinness said.
The rules have split EU countries, lawmakers and investors. Brussels redrafted the rules multiple times, flip-flopping over whether to grant gas plants a green tag. Its final proposal fuelled fierce debate about how to hit climate goals amid a crisis over dwindling Russian gas supplies.
Gas is a fossil fuel that produces planet-warming emissions - but far less than coal, and some EU states see it as a temporary alternative to replace the dirtier fuel.
Nuclear energy is free from CO2 emissions but produces radioactive waste. Supporters such as France say nuclear is vital to meet emissions-cutting goals, while opponents cite concerns about waste disposal. read more
Slovakian prime minister Eduard Heger said the vote result was good for energy security and emissions-cutting targets.
"We'll remain on the way to climate neutrality by 2050," he said.
Luxembourg and Austria, which both oppose nuclear power and have warned against labelling gas as green, said they would challenge the law in court.
"It is neither credible, ambitious nor knowledge-based, endangers our future and is more than irresponsible," Austrian climate minister Leonore Gewessler said.
Climate campaigners criticised the move, with Greenpeace saying it would also mount a legal challenge.
"This is a poor signal to the rest of the world that may undermine the EU's leadership position on climate action," said Anders Schelde, chief investment officer at Danish pension fund AkademikerPension.
Industry groups welcomed the vote. Ingbert Liebing, managing director of Germany's local utility association VKU, called it "an important sign of the role of natural gas as a bridge to achieving climate goals."
The EU taxonomy aims to clear up the murky world of sustainable investing, by ensuring any financial products making eco-friendly claims meet certain standards. Gas plants, for example, must switch to low-carbon gases by 2035 and meet an emissions limit. read more
How the law will impact investing trends is yet to be seen. The taxonomy does not prohibit investments in activities without the green label.
After years of bashing it, the EU has voted to reclassify Nuclear & Gas power as "sustainable".
It seems that the "science" can change when the prospect of freezing to death is on the cards.
The Hague – The Dutch joined Germany and Austria in reverting to coal power on Monday following an energy crisis provoked by Russia's invasion of Ukraine.
The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output.
Berlin and Vienna made similar announcements on Sunday as Moscow, facing biting sanctions over Ukraine, cuts gas supplies to energy-starved Europe.
"The cabinet has decided to immediately withdraw the restriction on production for coal-fired power stations from 2002 to 2024," Dutch climate and energy minister Rob Jetten told journalists in The Hague.
The Dutch minister said his country had "prepared this decision with our European colleagues over the past few days".
Germany however said it still aimed to close its coal power plants by 2030, in light of the greater emissions of climate-changing CO2 from the fossil fuel.
"The 2030 coal exit date is not in doubt at all," economy ministry spokesman Stephan Gabriel Haufe said at a regular news conference.
The target was "more important than ever", he added.
'More countries being squeezed'
Russia's invasion of its pro-Western neighbour has sent global prices for energy soaring and raised the prospect of shortages if supplies were to be cut off.
Russian energy giant Gazprom has already stopped deliveries to a number of European countries, including Poland, Bulgaria, Finland and the Netherlands.
Germany's reliance on Russian energy imports has made it particularly vulnerable as Moscow looks for leverage against the West.
The Dutch are less reliant, depending on Russia for around 15 percent of their gas supplies compared to the EU average of 40 percent. But they are still concerned.
"I want to emphasise that at the moment there's no acute gas shortage," Dutch minister Jetten said. "However, more countries are now being squeezed (by Russia). That worries us."
The Dutch government said it was also making an "urgent appeal" to companies and business to save as much energy as possible ahead of the winter.
Germany's decision to power up its coal power plants came after Gazprom cut deliveries to Germany via the Nord Stream gas pipeline last week.
The move, presented by Gazprom as a technical issue, has been criticised as "political" by Berlin.
German Economy Minister Robert Habeck, a Green party politician, described the decision to revert to coal as "bitter, but indispensable for reducing gas consumption".
'Unexpected situation'
Austria's government meanwhile announced Sunday that it would reopen a mothballed coal power station because of power shortages arising from reduced deliveries of gas from Russia.
The authorities would work with the Verbund group, the country's main electricity supplier, to get the station in the southern city of Mellach back in action, said the Chancellery.
The European Commission noted Monday that "some of the existing coal capacities might be used longer than initially expected" because of the new energy landscape in Europe.
"We know that the energy mix and the plans of member states will adjust slightly because we are in an unexpected situation," Commission spokesman Tim McPhie said at a press briefing.
Germany, Europe's largest economy, has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion to 35 percent.
The government has also mandated the filling of gas reserves to 90 percent ahead of the European winter at the end of the year, to hedge against a further reduction in supply.
Germany's government, a coalition between the Social Democrats, Liberals and Greens, aims "ideally" to close all coal power plants by 2030.
Their agreement, reached at the end of last year, brought forward the previous government's aim to shut the plants by 2038.
🚨👇 BONUS RELATED NEWS 👇🚨
Tucker Carlson talking about what happened in Ghana when they tried to switch to renewable energy pic.twitter.com/eO3R9RHfin
The German energy crisis has reached the point where Deutsche Bank starts to 'model' (let's call it that) the potential for **gas-to-wood** substitution for heating German households this winter | #NothingToSeeHere#ONGT#GasCrisispic.twitter.com/zuSls1SiCP
Harald Seegatz, deputy chairman of the supervisory board of Uniper, told Bloomberg News the German utility giant was at risk of ***insolvency within days***
I love to travel and get away from it all whether it's 1st class, 2nd class or 3rd class makes no difference to me. I simply love to visit new places and meet new people. I really enjoy extreme sports. I started blogging 14 years ago and love to be able to express and share thoughts with others.
Most recently a Mortgage Professional prior to implosion. Earned a living in my previous career as an Institutional Equity Trader (sell side). I have a bachelor's degree in finance with special emphasis in economics.
❤ May my heart be kind, my mind fierce and my spirit brave. ❤
Hello WORLD and welcome
Thank you for visiting. I will do my best to keep you posted to global news affecting humanity and this planet as we know it today. I will bring you global news Monday through Friday adding my insight along the way. In between the non-sense, I will pepper in a little humor, random stuff and inspiration for balance and I will use the weekend to feed your spirit.
♥♥♥ ~Love to you all, Josette Marie aka Princess Mononoke
The Best Is Yet To Come.
The Wall Street Conspiracy Movie. NAKED SHORT SELLING EXPOSED. Free Online With Permission of Owner - Producer
Dr Yuval Noah Harari is a transhumanist and top advisor to WEF Klaus Schwab. He said, "In the past many tyrants and governments wanted to do it. But nobody understood biology well enough and nobody had enough computing power and data to hack millions of people. Neither the gestapo nor the KGB could do it. But soon at least some corporations and governments will be able to systematically hack ALL THE PEOPLE. NWO depopulation eugenics agenda happening now.
Out of Shadows Documentary
I've been asked many times if I still track the stock market. My answer is a resounding yes. The stock market is in my blood. I'm still tracking the markets, still doing research and still following economic news. This is the one industry that is the heart of global productivity. It is essential in pumping the necessary oxygen (capital) to corporations that in turn hire employees who will in turn produce the products and services that we all use. Capitalism is a very very important element to humanity. It is what fuels dreams, self-reliance and individualism!
T.E.A.= TAXED ENOUGH ALREADY! I am an INDEPENDENT/CENTRIST Former Democrat for 20 years
BLOG ARCHIVE: 2007 to Present
Connect With Me At These Social Networking Sites ♥ Click The Pics Below And Add Me As A Friend ♥
We don't need money to make a difference, although it does help. However, each signature is a RAISED voice demanding change! This is our contribution to the World. By saying ENOUGH is ENOUGH, together we truly CAN and WILL make a difference! Please sign a petition and help spread the word... Thank you!
My Amazon Affiliate Account has been terminated due to a new California TAX LAW just passed. I'm keeping this display to continue promoting Miyazaki's wonderful animation that I love very much! Thank you for your support. ♥
No comments:
Post a Comment