European Parliament. Taxonomy - Public hearing on the classification of gas and nuclear

On May 30, the CEPI Secretariat followed the joint public hearing of the European Parliament's Committees on Economic and Monetary Affairs and on Environment, Public Health and Food Safety (ECON and ENVI) onthe current classification of gas and nuclear in the so-called EU Taxonomy.

The public hearing was held ahead of the scheduled vote on June 14. The EU Taxonomy is currently under the scrutiny of the Council and the Parliament. The hearing aimed at contributing to the current EP scrutiny on this important Delegated Act, also with the participation of stakeholders from the financial sector, the European Investment Bank (EIB), the Joint Research Centre (JRC) and the World Wildlife Fund (WWF).

The deadline for the Parliament and the Council to decide if they wish to veto the European Commission’s proposal is July 10, with a potential extension of two more months.

The complimentary Taxonomy Delegated Act, presented by the Commission last March, includes under certain conditions, that specific nuclear and gas activities be covered by EU taxonomy, and classifies certain fossil gas and nuclear energy activities as transitional activities contributing to climate change mitigation under Article 10(2) of the Taxonomy Regulation.

An animated debate took place on whether this classification is scientific enough and still relevant, especially considering the current geopolitical international development. Criticism was also raised by MEPs regarding the procedure by which the EC adopted the Act in March, considered by some not democratic enough.

You can watch the live streaming of the hearing on the European Parliament multimedia center page here.