United Kingdom: “Ireland must take firm stance against greenwashing of EU Taxonomy” – Chris MacManus MEP
- Jan 25, 2022 7:19 pm GMT
Source: Sinn Féin
“Ireland must take firm stance against greenwashing of EU Taxonomy” – Chris MacManus MEP
“The inclusion of gas and nuclear energy in the Sustainable Finance Taxonomy would amount to greenwashing and must be firmly opposed by the Irish government and MEPs,” said
“The Green Party must not shirk responsibility on this and should use their place in government to reject any attempt to greenwash the Sustainable Finance Taxonomy. The Taxonomy is supposed to give a clear, science-based indication of what can be considered “sustainable” for financing purposes. It will increasingly be used to evaluate what projects can receive money from the mandatory green streams of EU funding. Including gas and nuclear in the taxonomy, even under the title of “transition activity”, provides the opposite of clarity. It poses a major risk that public money intended for truly sustainable projects will instead be channelled into these polluting and expensive energy projects.”
MacManus was speaking after the publication on 24th January of a report by the EU’s expert Platform on Sustainable Finance, which said that gas and nuclear should not be included in the Taxonomy.
“Now that the Commission’s own expert group has denounced the draft delegated act, I urge Commissioner McGuinness to truly consider the scientific evidence, as well as the precautionary principle, and scrap the draft proposal,” said MacManus. “The entire process around this draft has been flawed, as it was released on New Year’s Eve with very tight deadlines for Member States and expert groups to respond. Furthermore, the Commission does not foresee a four-week public consultation period on the document, which is a legal requirement for new delegated acts. Such shoddy law-making should not pass unchallenged.” ENDS
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