#Cleantech and #ClimateChange #Podcast - Are #Nuclear and #NaturalGas the New #Green? - New Contraversial Proposal from #EU says yes, but history shows a seesaw of opinions
January 14, 2022 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues a special edition of the Cleantech and Climate Change Podcast featuring a look as some of the new controversial green initiatives being proposed .
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Just when you think you have figured out green investing and you have bet on EV’s with Tesla (NASDAQ: TSLA) or NIO (NYSE: NIO) , the European Union announces plans to make nuclear power and natural gas plants part of green investments . This is creating a lot of questions and controversy. This is not a done deal and may not pass but this is what they are thinking and it may drive investors to yet another direction in energy.
In a press release from January 1st they said, “The European Commission began consultations yesterday with the Member States Expert Group on Sustainable Finance and the Platform on Sustainable Finance on a draft text of a Taxonomy Complementary Delegated Act covering certain gas and nuclear activities. “
They go on to say “Taking account of scientific advice and current technological progress, as well as varying transition challenges across Member States, the Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future. Within the Taxonomy framework, this would mean classifying these energy sources under clear and tight conditions (for example, gas must come from renewable sources or have low emissions by 2035), in particular as they contribute to the transition to climate neutrality.”
They tell investors ,” The EU Taxonomy is a robust, science-based transparency tool for companies and investors. It creates a common language that investors can use when investing in projects and economic activities that have a substantial positive impact on the climate and the environment. It will also introduce disclosure obligations on companies and financial market participants.”
This is all part of the plan to meet the objectives of the net zero plan for 2050 and the
So for investors I have to join their confusion as we revisit headlines from 2019 like “Give Up Your Gas Stove To Save The Planet? Banning Gas Is The Next Climate Push”
From the August 2019 article – “In July, Berkeley, Calif., became the first city in the country to ban natural gas in new buildings, starting next year. City officials say new efficient electric appliances have lower carbon footprints than gas-powered furnaces and water heaters.
"We need to tackle climate change every way that we can and by doing this, we're not asking people to change that much," says Kate Harrison, the Berkeley City Council member who led the initiative.”
Yet in Obama’s 2014 State of the Union address he said, "If extracted safely," Obama said, natural gas is "the 'bridge fuel' that can power our economy with less of the carbon pollution that causes climate change."
And that’s just a brief view of the whipsaw of opinions on natural gas over the years ; when you Google ,why is nuclear energy not considered green? you get this answer:
The mining, milling and enrichment of uranium into nuclear fuel are extremely energy-intensive and result in the emission of carbon dioxide into the atmosphere from the burning of fossil fuels. ... Thermal pollution from nuclear power plants adversely affects marine ecosystems.
But as they say in their proposal – don’t worry, they will be classifying these energy sources under clear and tight conditions.
My advice to investors is do your own due- diligence and dig deep through all the layers of a product or energy source and find out all the real benefits and potential problems of the solution being presented. It’s your money – your time is worth it .Don’t just rely on headlines and the new buzzwords when it comes to the generational health of this planet and the people living on it.
Thanks, that’s it for today. Do something good for this beautiful planet each and every day.
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