McGuinness faces wrath of European Parliament over green investment proposals

over proposals to classify nuclear and gas energy projects as ‘green’ for investment purposes.

It’s a move that was lobbied for by some EU member states reliant on the energy sources, but which is hugely controversial with other member states, with green groups, and within the European Parliament.

She insisted that the proposal would still be useful as a guide for investors. “There’s no greenwashing,” she said. “If the taxonomy did not exist, the investor community would not have guidance, if you like. So there could be a scattergun approach to investments.”The proposal is set for a messy fight in the European Parliament, with climate action NGOs rallying lawmakers against it in the hope of gathering the 353 MEPs required to reject it.

“Labelling gas as ‘green’ is wrong. It will divert funding away from renewable energy sources such as wind and solar,” he told the Irish Times.

The point where you mentioned diverting funds is true. Renewable and green energy is something different basically solar energy sits best at this definition. Please view my blog to read more https://solarsme.com/blog/

IrishTimes Is that let them drown in the Med mcguinness your talkin about ! 😉👍

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