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