Well this is a pleasant surprise: the European Commission -- the executive committee of the European Union -- has decided to propose a plan reclassifying natural gas and nuclear power as "green energy," at least for the sake of investment. From Reuters:
The Commission's proposal would label nuclear power plant investments as green if the project has a plan, funds and a site to safely dispose of radioactive waste. To be deemed green, new nuclear plants must receive construction permits before 2045. Investments in natural gas power plants would also be deemed green if they produce emissions below 270g of CO2 equivalent per kilowatt hour (kWh), replace a more polluting fossil fuel plant, receive a construction permit by Dec. 31 2030 and plan to switch to low-carbon gases by the end of 2035.
The background to this is, of course, Europe's ongoing energy crunch, which has seen record prices per megawatt hour in countries throughout the continent, as wind turbines and solar panels have failed to produce enough electricity to meet winter demand. Germany, which famously went all in on its green energy transition known as die Energiewende roughly a decade ago, has been forced to restart some of its closed, carbon intensive coal-fired power plants to keep up.
And it isn't as if they're actually lying about this -- as much as green activists hate to admit it, the United States has led the world in emissions reduction since the year 2000, largely because the fracking revolution has allowed us to increasingly lean on low-carbon natural gas for our heat and energy needs. Nuclear power, meanwhile, is effectively a zero-carbon power source. Consequently, if you're actually concerned about carbon emissions, natural gas and nuclear should be high up in your proposed power mix. They are as "green" as any first world nation's energy is going get.
Even so, it is worth noting the EC tries to stress that they're not proposing a permanent shift -- "[T]he Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future," according to their statement. That is to say, they consider natural gas and nuclear as "transitional" energy sources whose role is to bridge the gap to their still-inevitable wind-and-solar powered future! Moreover Germany, which still has the largest economy in the E.U., remains fanatically committed to its Energiewende, to such a degree that they've just closed down three of their remaining six operational nuclear power plants, their soaring energy rates notwithstanding. Theoretically, Germany could lead a charge to kill this sensible proposal in the European Parliament, over the objections of France and other nations who have relied on nuclear for decades.
Still, let's focus on the bright side -- Europe's governing class is cracking under the pressure of sky-high energy rates and are being forced to admit that their current way of doing things just isn't working. If this reclassification actually goes through, activists will have a real fight on their hands when they try to change it back in a few years time. And officially classifying natural gas and nuclear as green energy is likely to take so much wind out of the green movement's turbines that it could eventually cease to exist.
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