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A European Revelation on Climate

The Wall Street Journal‘s Editorial Board writes on an important climate policy development in Europe.

>>>READ: Europe Needs a Different Environmental Vision in 2022<<<

The C3 Take
  • The European Union has recently announced that nuclear energy and natural gas projects will count as sustainable investments.
  • Nuclear energy is the largest source of carbon free energy that we have and is safe and reliable.
  • Markets, not governments, should pick energy winners and losers.
  • If activists are serious about reducing emissions, they should embrace nuclear power and look to American LNG to displace dirtier Russian natural gas.

“In a smarter world, the market would have been allowed to figure this out. The new EU taxonomy still represents a destructive form of winner-picking industrial policy and has flaws. A big one is the arbitrary time limit on investments in nuclear and gas plants.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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