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A European Revelation on Climate

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.

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