{"id":1897,"date":"2022-01-19T12:31:48","date_gmt":"2022-01-19T11:31:48","guid":{"rendered":"https:\/\/www.greens-efa.eu\/opinions\/?p=1897"},"modified":"2022-01-19T15:54:28","modified_gmt":"2022-01-19T14:54:28","slug":"eu-taxonomy-is-a-financial-and-environmental-threat-to-younger-generations-and-we-will-not-accept-it","status":"publish","type":"post","link":"https:\/\/www.greens-efa.eu\/opinions\/eu-taxonomy-is-a-financial-and-environmental-threat-to-younger-generations-and-we-will-not-accept-it\/","title":{"rendered":"Climate activists: The EU Taxonomy is a financial and environmental threat to younger generations and we will not accept it"},"content":{"rendered":"<div class=\"boxed\">\n<p>Anyone would have thought that the year 2021 could not get any worse. But, late last year, the European Commission had one last disappointing Christmas present for the planet. Just before the clock struck midnight on New Year\u2019s Eve, they published the draft for the new law on sustainable investments (known as the EU taxonomy) and quietly tried to include gas and nuclear power on this list.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Perhaps they thought we wouldn\u2019t notice? They were wrong.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Quickly, youth activists from <a href=\"https:\/\/fridaysforfuture.org\/\">Fridays For Future<\/a> and <a href=\"https:\/\/youthforclimate.be\/\">Youth For Climate<\/a> organised a protest in front of the European Commission building in Brussels. Sneaking dirty energy onto a list of sustainable investments is the worst kind of greenwashing. We told the EU Commission that we do not want their dirty present.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h3 class=\"has-green-dark-color has-text-color wp-block-heading\"><strong>What is the EU taxonomy?<\/strong><\/h3>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>The <a href=\"https:\/\/ec.europa.eu\/info\/business-economy-euro\/banking-and-finance\/sustainable-finance\/eu-taxonomy-sustainable-activities_en\">European Taxonomy for Sustainable Activities<\/a> is a list that defines which investments should be considered green and sustainable investments\u2026 and which ones not. There is a very simple set of rules to determine what can be on the EU taxonomy list:<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p><strong>Step 1. The activity must achieve one or more of the following benefits to be labelled as \u201cgreen\u201d:<\/strong><\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<ul class=\"wp-block-list\"><li><em>Climate change mitigation (stopping greenhouse gasses emissions that created and are exacerbating the climate crisis);<\/em><\/li><li><em>Climate change adaptation (measures to help with the consequences of the climate emergency);<\/em><\/li><li><em>Protection or restoration of biodiversity;<\/em><\/li><li><em>Improvement of the circular economy;<\/em><\/li><li><em>Pollution prevention and control;<\/em><\/li><li><em>Sustainable management of water resources.<\/em><\/li><\/ul>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p><strong>Step 2. It must not do significant harm.<\/strong><\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Pretty clear, right? But the European Commission managed to ignore their own rules by adding both fossil gas and nuclear power to the \u201cgreen\u201d mix.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h3 class=\"has-green-dark-color has-text-color wp-block-heading\"><strong>Why did the European Commission add fossil fuel to the EU taxonomy of sustainable activities?<\/strong><\/h3>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>It\u2019s under pressure from national governments. European countries who clearly want to invest in new fossil gas power plants \u2013 such as Germany and Italy \u2013 agreed with the French President, Emmanuel Macron, to pressure the European Commission to include both fossil gas and nuclear energy in the taxonomy. With national elections coming up in France, Macron is under a lot of political pressure to promote investment in nuclear energy. And, of course, the President of the European Commission, Ursula von der Leyen, agreed with their petty interests.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">We will also assess how the gas, electricity and ETS markets function.<br><br>We need more renewables. They are cheaper, carbon-free and homegrown.<br><br>We also need a stable source, nuclear, and during the transition, gas.<br><br>This is why we will come forward with our taxonomy proposal.<\/p>\u2014 Ursula von der Leyen (@vonderleyen) <a href=\"https:\/\/twitter.com\/vonderleyen\/status\/1451552759736582153?ref_src=twsrc%5Etfw\">October 22, 2021<\/a><\/blockquote> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h3 class=\"has-green-dark-color has-text-color wp-block-heading\"><strong>But why is fossil gas not sustainable?<\/strong><\/h3>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Once more for the people in the back: Leave. Fossils. Fuels. In. The. Ground.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>We\u2019ve said it \u2018til we\u2019re blue in the face, but it looks like EU leaders still don\u2019t want to listen to the facts. The planet\u2019s resources are finite. They take millions of years to replenish. We can\u2019t keep burning them just to make rich fossil fuel companies even richer. Not when renewable alternatives exist!<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>According to the European Commission itself, fossil gas consumption must be reduced by 32-37% by 2030. This is one of their own climate goals. It\u2019s even listed in the EU\u2019s <a href=\"https:\/\/www.europarl.europa.eu\/legislative-train\/theme-a-european-green-deal\/package-fit-for-55\">\u201cFit For 2030\u201d package of climate laws<\/a> (also known as \u201cFitFor55\u201d). At the same time, they\u2019re defining gas as a \u201ctransitional energy\u201d, with the condition that permits for new gas plants are granted by the end of 2030. This is just one of many contradictions in the EU taxonomy.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p><br>Even <a href=\"https:\/\/www.eib.org\/en\/press\/all\/2019-313-eu-bank-launches-ambitious-new-climate-strategy-and-energy-lending-policy\">the European Investment Bank (EIB) has announced that it will not put any more money into gas<\/a> because it is simply not cost effective. Fossil gas is the second largest source of energy in Europe but we buy 90% of it from other countries, such as Russia. We pay so much for it that many European citizens are now suffering from energy poverty.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Climate targets will make investments in gas increasingly disadvantageous. Continuing to fund fossil fuels is an incredible waste of money. And, guess who\u2019ll have to pay for it? The same generations that will have to face the consequences of the climate emergency that the EU is failing to fight.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<h3 class=\"has-green-dark-color has-text-color wp-block-heading\"><strong>Climate activists agree: the European Commission cannot get away with a misleading EU taxonomy<\/strong><\/h3>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>On January 13th, youth activists from all over Europe protested with two handcrafted fossil gas plant cooling towers provided by Greenpeace. They were painted green, exactly as the European Commission is doing to greenwash gas plants right now.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>This can still be stopped. We have four months to convince at least 353 Members of the European Parliament to block this EU taxonomy.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<p>Will you help us? Spread the word. Join a protest (or organise one!). Write to your MEPs. And don\u2019t lose hope. We will not accept this scam. Not for our generation and not for the ones to come.<\/p>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"boxed\">\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-dark-color has-yellow-background-color has-text-color has-background\" href=\"https:\/\/act.greens-efa.eu\/stopgreenwashing?source=gg_blog_climate_2022-01-13\" target=\"_blank\" rel=\"noreferrer noopener\">Sign our petition<\/a><\/div>\n<\/div><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><div class=\"boxed\">\n\n<\/div><div class=\"boxed\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Late last year, the Commission published a draft for a new law on sustainable investments and quietly tried to include gas and nuclear power. Sneaking dirty energy onto a list of sustainable investments is the worst kind of greenwashing. We told the EU Commission that we do not want their dirty present.<\/p>\n","protected":false},"author":2,"featured_media":1899,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mp_greens_extranet_document_id":9498,"mp_greens_extranet_translation_id":0,"mp_greens_extranet_lang":"en","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-allgemein"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Climate activists: The EU Taxonomy is a threat to younger generations<\/title>\n<meta name=\"description\" content=\"Fridays for Future activists protest against the EU Taxonomy in front of the European Commission. 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