The The EU’s politically independent executive arm. It is responsible for drawing up proposals for new European legislation, and it implements the decisions of the
Financial Services Commissioner Mairead McGuinness has backed the proposal of including nuclear and gas in the taxonomy and sees it as an important step towards Europe’s energy transition. According to the Commissioner, the use of gas, although a fossil fuel, is better than consuming coal which has multiple hazards. Regarding nuclear energy, critics have raised the question of nuclear waste disposal. McGuinness emphasized that due consideration is given to the effective disposal of nuclear waste to ensure ‘no significant harm’ to the environment. There can be minor changes in the proposed act to accommodate a few concerns.
Many environmental groups and EU The 27 countries that are part of the EU. See the list of all members here. member states like Austria and Luxembourg have raised eyebrows over the draft of the taxonomy text. With France more inclined towards adding nuclear energy and Germany’s inclination towards gas, it looked like a Franco-German alignment on mutual interests. McGuinness rejected this allegation. Instead, she tried to explain that it is not compulsory for the investors and technologists to use nuclear or gas. Rather it is up to them to decide if they want to use the taxonomical standards as proposed.
The Commission is authorized by the co-legislators, the The EU’s directly elected legislative body comprised of 705 members. It is involved in policymaking but it does not have the power to propose new legislation.
European Parliament, and the An institution representing the