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Please take a look at the actual regulations: https://ec.europa.eu/finance/docs/level-2-measures/taxonomy-regulation-delegated-act-2022-631-annex-1_en.pdf https
by nmehner 5y ago
Please take a look at the actual regulations: https://ec.europa.eu/finance/docs/level-2-measures/taxonomy-regulation-delegated-act-2022-631-annex-1_en.pdf https://ec.europa.eu/finance/docs/level-2-measures/taxonomy-... states the conditions for investments in gas to be considered green is
> (ii) the power to be replaced cannot be generated from renewable energy
sources, based on a comparative assessment with the most cost-effective and
technically feasible renewable alternative for the same capacity identified;
the result of this comparative assessment is published and is subject to a
stakeholder consultation;
> (iii) the activity replaces an existing high emitting electricity generation activity
that uses solid or liquid fossil fuels
> (v) the facility is designed and constructed to use renewable and/or low-carbon
gaseous fuels and the switch to full use of renewable and/or low-carbon
gaseous fuels takes place by 31 December 2035, with a commitment and
verifiable plan approved by the management body of the undertaking;
> (vi) the replacement leads to a reduction in emissions of at least 55% GHG over
the lifetime of the newly installed production capacity;
So in short gas is only green if the investment replaces coal or oil, reduces GHG by 55%, is replaced with renewables before 2035 and no renewable alternatives exist.
This is a very limited scope. For heating purposes Germany is moving away from gas as well: https://www.bdew.de/service/daten-und-grafiken/entwicklung-beheizungsstruktur-wohnungsneubau/ https://www.bdew.de/service/daten-und-grafiken/entwicklung-b... From 2025 on each installed heating has to be powered by 65% renewable energy. This basically rules out gas+oil.
- aequitas 5y agoThanks, that clarifies much.