Energy Central News

Curated power industry news from thousands of top sources.

News

United Kingdom: “Ireland must take firm stance against greenwashing of EU Taxonomy” – Chris MacManus MEP

  • Jan 25, 2022
  • 224 views
Source: 
ForeignAffairs.co.nz

Source: Sinn Féin

25 January, 2022 – by Chris MacManus MEP

“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 Chris MacManus, MEP for the Midlands Northwest. “There is a very narrow political window in which to reject this greenwashing attempt, and Ireland needs to be clear and vocal in its opposition to the Commission’s proposal.”

The European Commission, in its draft delegated act released on 31 December, proposes to include gas and nuclear energy under the Sustainable Finance Taxonomy once certain conditions are met – allowing such projects to be considered green for the purposes of public and private funding.

Speaking in Brussels, MacManus said, “I call on the government and particularly the Minister for the Environment, Climate and Communications to express their firm disagreement with this draft. In March 2021, Minister Ryan co-signed a letter to the Commission with his Danish, Spanish, Austrian and Luxembourgish counterparts, stating that he “strongly opposed” any change to the maximum emission thresholds for energy generation (which could allow for the inclusion of fossil gas projects). However, when the same ministers wrote a letter objecting to the draft act on 20 January, Minister Ryan’s name was noticeably absent. In a response to a Parliamentary Question posed by my Sinn Féin colleague Darren O’Rourke, the Minister said that primary responsibility for the Taxonomy lay with the Department of Finance, and that his Department would merely input into the response.” 

“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

MIL OSI United Kingdom -

Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.
Bob Meinetz's picture
Bob Meinetz on Jan 26, 2022

"The Taxonomy is supposed to give a clear, science-based indication of what can be considered “sustainable” for financing purposes."

There is no clear, science-based indication of what can be considered sustainable, Mr. MacManus, and for good reason. It's a marketing term, invented by renewable BIYBYs ("Better In Your Back Yard"), to be able to foist the land-use impact of their anti-science obsession on others.
Ask Adrienne Diamond, who will be forced to live next to the 500 ft-tall turbines in the industrial park you have planned for her neighborhood:

"She said undisturbed bog was widely recognised as an important carbon storage reservoir. “How can the destruction of native bog and its replacement by thousands of tons of concrete and steel be regarded as being environmentally friendly?”

In any sane interpretation, Ms. Diamond, it can't be. But renewables activism has never lived up to that standard.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »