A tentative compromise has been reached within the European Union to recognise gas nuclear as sustainable

After more than a year of delays horse-trading among member states, the European Commission unveiled a proposal to designate natural gas nuclear as "sustainable" energy sources, CNN reported. Adding energy to the EU's green list could trigger a wave of private investment in new nuclear gas projects, but the plans have angered climate activists could still be blocked by European lawmakers, who are also deeply divided on the issue.

Mairead McGuinness, the EU's financial services commissioner, justified the inclusion of gas nuclear, saying: "I believe we have found a balance between fundamentally different views. Z will eventually be a low-carbon future powered by renewable energy, but we are in a position to get there yet."

Only four countries -- Spain, Austria, Denmark Luxembourg -- have spoken out against natural gas nuclear power, but with most other members -- including heavyweights like Germany France -- supporting at least one of them, they are unlikely to change their stance.

The policy has sparked a fierce debate over whether for how long natural gas -- a fossil fuel with a significant impact on climate change -- should play a role in the transition to renewable energy. Natural gas generally emits less carbon dioxide than coal, but critics argue that more attention should be paid to promoting renewable energy that supporting new gas projects will only extend the life of fossil fuels.

Nuclear power, on the other hand, is a low-carbon energy source, but the arguments against it revolve around safety, including how to store the radioactive waste it produces. Nuclear plants are also expensive, projects are often plagued by construction delays. Baseickhout, a green mep the Netherlands, said he had "never seen such a strategic mistake by the commission the policy contradicts the eu's call for the rest of the world to decarbonise rapidly. We are undermining the whole credibility of the EU green deal."

The EU aims to reduce greenhouse gas emissions by 55 percent 1990 levels by 2030 become a net zero-emission economy by 2050. The EU is also facing calls to reduce its dependence on gas, as ongoing tensions between Russia Ukraine threaten to disrupt its energy supplies keep prices near record highs.

A recent report by think-tank InfluenceMapZ, which tracks the influence of business financial institutions on climate policy, shows that fossil fuel companies are actively lobbying to influence policy on the future of natural gas. "The gas industry seems to have been able to exert its influence undermine the science-based climate policy process in favour of measures that serve its short-term interests," said Rebecca Vaughan of InfluenceMap, which tracks sustainable finance.

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Source: International Energy Network

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