-
Mehbooba Mufti urges dialogue and renewed Central Asia links for Kashmir
-
Bezos grant helps Seattle nonprofit move thousands of families toward housing
-
Seacliff Healthcare Seeks Specialist GP in Thirroul
-
Shrini Srivastava joins crew of Varanasi-Delhi Vande Bharat Sleeper service
-
US stocks fall before midterm Election Day as technology shares weaken
-
Nearly Half of Australian Workers Overqualified, Survey Finds
-
BLS Polymers makes strong market debut at ₹248 per share
-
RBI eases export-declaration compliance for individual service exporters
-
Petrol and diesel prices remain broadly steady across major Indian cities
-
India proposes more import entry points for drugs and medical devices
-
Reliance shares remain in focus after near-12% surge
-
Derek Tierney Outlines Ten-Year Strategy for National Digital Health System
-
2026 Arizona Midterms: Key Races, Ballot Measures, and Voter Deadlines
-
NBC’s Steve Kornacki Reveals Tech Habits Ahead of Midterm Elections
-
Coal India prepares possible $1 billion Mahanadi Coalfields listing
-
India and Israel oppose UN draft on regional conventional arms control
-
Julia Stiles and Ezra Sosa Share Emotional Farewell After 'DWTS' Elimination
-
BLS Polymers shares open 65.3% above IPO price
-
US Buildings Threatened by Wildfires Could Triple by 2060
-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
Why Pregnancy Cost Estimates Fail: A Family’s $9,000 Surprise
-
Latino Voters Defy ICE Fears, Turn Out in Record Numbers for Midterms
-
US Strikes Iranian Targets in Strait of Hormuz Ahead of Midterms
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Brodeur’s Overtime Goal Secures Bethlehem’s Second Consecutive Sectional Title
-
Reliance rally puts historical one-year return pattern in focus
-
Rare 1970 Plymouth ‘Cuda 426 Hemi Listed for $400,000
-
Kuwait edges Oman 1-0 in veterans Gulf Cup in Doha
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
-
Alberta Tabled Controversial Riding Boundary Maps Amid Gerrymandering Accusations
-
Washington reports movement in Iran negotiations aimed at preventing escalation
-
Hong Kong court set to sentence activist Joshua Wong in security case
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
-
Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
-
John Schneider Admits Owes Millions in 'Dukes of Hazzard' Divorce Battle
-
Global failure to punish attacks leaves journalists at continuing risk
-
Philippine Authorities Report Progress in Thomas Markle Sr. Child Pornography Probe
-
Researchers Warn 'Bookkeeping Trick' Masks Beef Industry's Methane Emissions
-
Web Summit Qatar 2026 generated QR1 billion economic impact, report says
-
Climate Change Intensified Atlantic Hurricanes, Study Finds
-
UAE oil spill raises questions for desalination operations
-
Qatar solar expansion opens scope for technical performance gains
-
Doha hotel and Carolina Herrera launch fragrance-inspired afternoon tea
Brussels weathers backlash over calling gas and nuclear sustainable
The European Commission on Wednesday defied angry dissent from EU governments and protests from green campaigners to give a sustainable finance label to investments in both gas and nuclear power.
Austria warned it will go to court to try to halt the measure, while Germany -- which backed the inclusion of gas -- called extending the labelling to nuclear "unacceptable".
Critics of nuclear energy point to the threat posed by accidents and nuclear waste, while opponents of gas want to discourage investment in a fossil fuel technology they say only adds to the climate change crisis.
But the EU executive, under pressure from nuclear-powered France and gas-reliant Germany, argues that both have a role to play as cleaner power sources during the transition to a net-zero carbon future.
The decision "may be imperfect, but it is a real solution," EU commissioner Mairead McGuinness said.
While the EU is aiming for renewable energy to secure its low-carbon ambitions, she stressed that "we do not have the capacity for that yet -- but we still need to act urgently with all the means at our disposal".
The commission's announcement on Wednesday makes the labelling a done deal, unless a supermajority of EU countries, or a majority in the European Parliament, block it. Insiders said that was unlikely.
The controversy around the issue reflected the fact that EU countries each have very different energy mixes, and while they agree on climate change fighting goals they do not want to see disproportionate pain fall upon them to get there.
EU heavyweights Germany and France each rallied other member states around their respective backing of gas and nuclear.
But Germany -- which relies on Russia for most of its imported gas -- was scathing on nuclear being included in the labelling exercise, which Brussels calls its "taxonomy".
"Germany is clearly and unequivocally against the inclusion of nuclear power in the taxonomy," German Environment Minister Steffi Lemke said.
"Nuclear power is anything but sustainable," she said, calling its inclusion "a major mistake that will... endanger our climate targets".
Austrian Environment Minister Leonore Gewessler -- whose Alpine country produces most of its energy from hydropower -- was also critical, but of both nuclear and gas.
"The decision is wrong because it endangers the future... We are giving our children a backpack full of problems... It's irresponsible," she said.
Before the announcement, Austria, Denmark, the Netherlands and Sweden jointly signed a letter firmly opposing has projects as "largely incompatible" with the goals of the Paris climate agreement.
- 'Attempted robbery' -
In a sign of the hurdles faced by the commission in pushing through the labelling text, agreement among the EU's 27 member states was not unanimous. A vote had to be held before the announcement.
Green activists, too, expressed outrage.
Greenpeace sustainable finance campaigner Ariadna Rodrigo said: "I'd like to report an attempted robbery, please.
"Someone is trying to take billions of euro away from renewables and sink them into technologies that either do nothing to fight the climate crisis, like nuclear, or which actively make the problem worse, like fossil gas."
But McGuinness defended the decision, and argued that the plan imposes safeguards on how nuclear and gas projects are conducted under sustainable finance rules.
The fight over the European Union's classification of power sources is the latest dust-up in discussions between the member states on how to achieve a net zero-carbon economy by 2050.
Brussels had high hopes that the EU would help set a global standard on determining sustainable projects and direct big flows of Wall Street money towards saving the planet.
To win the label, gas and nuclear projects are subject to constraints: projects must be approved by 2030 and 2045 respectively, as well as meet a long list of sector-specific criteria.
G.P.Martin--AT