Good step but probably won’t achieve much. Gas plants are very flexible. This flexibility is highly sought after with the immense swings in prices we can observe on the energy markets.
Germany: *chuckles*
Not the only group. The FNG (interest group for sustainable investment from Germany, Austria, Switzerland) has also heavily criticized the inclusion of gas and nuclear.
If the EU taxonomy should become the gold standard for investing in order to reach a purely renewable future (after all that’s the goal of the EU), why would you include both kinds of plants. Both technologies can be useful as transitional technologies, but that does not necessitate their inclusion into the taxonomy. That just waters down the label and means it’s unlikely to be copied, just to make our local (meaning EU wide) electricity producers happy.
Curious
I don’t see the problem, with €50tn they can invest it all in wind/solar/hamster-wheels and simply blow all other competition into bankruptcy by sheer MWh numbers (cheapest on the ‘bid stack’).
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50 trillion or 50 billion?
Good step but probably won’t achieve much. Gas plants are very flexible. This flexibility is highly sought after with the immense swings in prices we can observe on the energy markets.
Germany: *chuckles*
Not the only group. The FNG (interest group for sustainable investment from Germany, Austria, Switzerland) has also heavily criticized the inclusion of gas and nuclear.
If the EU taxonomy should become the gold standard for investing in order to reach a purely renewable future (after all that’s the goal of the EU), why would you include both kinds of plants. Both technologies can be useful as transitional technologies, but that does not necessitate their inclusion into the taxonomy. That just waters down the label and means it’s unlikely to be copied, just to make our local (meaning EU wide) electricity producers happy.
Curious
I don’t see the problem, with €50tn they can invest it all in wind/solar/hamster-wheels and simply blow all other competition into bankruptcy by sheer MWh numbers (cheapest on the ‘bid stack’).