Naimski: The European Parliament decision opens the door to the financial system of gas and nuclear projects

2022-07-06 16:33

2022-07-06 16:33

Naimski: The European Parliament decision opens the door to the financial system of gas and nuclear projects
photo: Grzegorz Krzyżewski / / PhotoNews

The decision of the European Parliament opens the door to the financial system for gas and nuclear energy projects. The introduction of assumptions in the taxonomy that allow for the financing of nuclear energy and gas will greatly facilitate the implementation of the energy strategy by Poland, Minister Piotr Naimski told PAP on Wednesday.

On Wednesday, the European Parliament voted against excluding nuclear and gas from the EU’s energy transition. This means that these energy sources will be considered “green” and it will be possible to obtain EU funds for investment in them.

“Today’s vote in the European Parliament is clearly an optimistic expression of collective common sense. An attempt to exclude nuclear and gas-based energy from the economic space in Europe is simply a recipe for a protracted energy crisis” – the government plenipotentiary told PAP for strategic energy infrastructure Piotr Naimski.

He pointed out that most authors and promoters of green energy transformation in Europe already understand that a nuclear power plant is a stable source of energy that will balance the energy system across Europe, in a situation where there is no wind or sun, and no emit carbon dioxide.

“(…) From the Polish point of view, the introduction of these principles governing the financial side of the energy sector, because it is a taxonomy, the possibilities of financing nuclear resources and the continuation of their financing, gas resources or infrastructure necessary to use gas is a very good signal We, Poland and a whole host of EU countries have strived to make this possible “- emphasized Piotr Naimski.

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He added that this does not change Poland’s strategic plans in the energy sector.

“Our plans are known and we are sticking to them. Of course, introducing assumptions into the taxonomy that allow financing of both nuclear and gas could greatly facilitate the implementation of this strategy. The taxonomy will be open to financing projects related to keep up with these technologies and this is the essence of the problem. It is good that it will be so “- stressed Minister Naimski.

“We have our own strategy, we have our plans to build nuclear power in Poland. We have made investments in the diversification of sources and directions of gas supplies to Poland. These are projects that we have undertaken in Poland and we will continue them, if due to our needs, and the external environment, it can either make it difficult for us or make it easier for us. The introduction of nuclear and gas technologies into the taxonomy makes our situation easier “- summed up Piotr Naimski.

Taxonomy is a term for Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 establishing a framework to facilitate sustainable investment. The rules are intended to increase the level of environmental protection by redirecting capital from environmentally harmful investments to greener investments. The taxonomy does not prohibit investing in environmentally harmful activities, but gives extra preference to green solutions.

In early February, the European Commission approved the so-called taxonomy that also took into account the role of gas and nuclear energy in the energy transformation process. This means that it will be possible to obtain funds from the EU and financial markets for investments in these resources. For this reason, some MEPs wanted to reject the delegated act proposed by the European Commission. In the end, however, they lost the votes.

278 members voted in favor of the resolution on the closure of nuclear energy and gas, 328 against and 33 abstained. To veto the European Commission’s proposal, Parliament needed an absolute majority of 353 votes. If neither the Parliament nor the Council reject the proposal before 11 July, the delegated act on the EU taxonomy of climate change will enter into force and apply from 1 January 2023 (PAP)

Author: Anna Bytniewska

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