Berliner Boersenzeitung - Austria gears up to fight EU 'green' nuclear energy plan

EUR -
AED 4.229988
AFN 73.146945
ALL 96.133079
AMD 434.212947
ANG 2.061819
AOA 1056.200947
ARS 1595.729488
AUD 1.676138
AWG 2.073241
AZN 1.95884
BAM 1.9575
BBD 2.319785
BDT 141.322745
BGN 1.968783
BHD 0.434815
BIF 3421.327021
BMD 1.1518
BND 1.483169
BOB 7.988181
BRL 6.046028
BSD 1.151795
BTN 109.176408
BWP 15.880861
BYN 3.428493
BYR 22575.287657
BZD 2.316392
CAD 1.600253
CDF 2628.988678
CHF 0.919315
CLF 0.02693
CLP 1063.36549
CNY 7.961072
CNH 7.958342
COP 4233.211976
CRC 534.857582
CUC 1.1518
CUP 30.52271
CVE 110.369005
CZK 24.518422
DJF 205.093682
DKK 7.472328
DOP 68.558058
DZD 153.334083
EGP 61.736268
ERN 17.277006
ETB 178.048178
FJD 2.580321
FKP 0.866974
GBP 0.867284
GEL 3.086771
GGP 0.866974
GHS 12.620455
GIP 0.866974
GMD 84.656271
GNF 10098.639609
GTQ 8.815384
GYD 241.106739
HKD 9.021621
HNL 30.579896
HRK 7.535884
HTG 150.976542
HUF 389.090264
IDR 19570.240438
ILS 3.616135
IMP 0.866974
INR 108.896278
IQD 1508.830137
IRR 1512601.862779
ISK 143.606561
JEP 0.866974
JMD 181.293527
JOD 0.816578
JPY 183.86078
KES 149.734428
KGS 100.724635
KHR 4612.886352
KMF 492.970864
KPW 1036.623761
KRW 1744.390407
KWD 0.354775
KYD 0.959846
KZT 556.830884
LAK 25050.648874
LBP 103140.830206
LKR 362.813545
LRD 211.358254
LSL 19.777978
LTL 3.400967
LVL 0.696713
LYD 7.352226
MAD 10.765177
MDL 20.230571
MGA 4800.106597
MKD 61.676346
MMK 2417.436221
MNT 4113.24352
MOP 9.293293
MRU 45.987343
MUR 54.017007
MVR 17.795778
MWK 1997.10857
MXN 20.796407
MYR 4.629663
MZN 73.657744
NAD 19.778236
NGN 1591.99517
NIO 42.386262
NOK 11.212362
NPR 174.665914
NZD 2.005595
OMR 0.442792
PAB 1.151815
PEN 4.012185
PGK 4.977258
PHP 69.977059
PKR 321.451413
PLN 4.279935
PYG 7530.377025
QAR 4.199475
RON 5.097752
RSD 117.405319
RUB 93.874992
RWF 1681.924321
SAR 4.322129
SBD 9.262822
SCR 17.163771
SDG 692.232263
SEK 10.889179
SGD 1.482949
SHP 0.864149
SLE 28.276608
SLL 24152.69076
SOS 658.257439
SRD 43.308822
STD 23839.942611
STN 24.520978
SVC 10.077884
SYP 127.305795
SZL 19.775833
THB 37.764652
TJS 11.005823
TMT 4.031301
TND 3.395971
TOP 2.773258
TRY 51.215473
TTD 7.825763
TWD 36.869937
TZS 2977.40446
UAH 50.484891
UGX 4290.85719
USD 1.1518
UYU 46.623733
UZS 14046.382845
VES 538.960062
VND 30332.663288
VUV 137.508177
WST 3.196803
XAF 656.512961
XAG 0.016275
XAU 0.000254
XCD 3.112798
XCG 2.07583
XDR 0.816616
XOF 656.512961
XPF 119.331742
YER 274.819021
ZAR 19.662788
ZMK 10367.582559
ZMW 21.681643
ZWL 370.879256
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    1.7700

    83.69

    +2.11%

  • CMSC

    -0.1000

    22.67

    -0.44%

  • CMSD

    -0.1600

    22.5

    -0.71%

  • BTI

    0.4600

    58.26

    +0.79%

  • GSK

    0.3900

    54.23

    +0.72%

  • BCC

    0.5200

    74.95

    +0.69%

  • BP

    0.6700

    47.35

    +1.41%

  • RIO

    2.1800

    88.82

    +2.45%

  • BCE

    -0.0200

    25.23

    -0.08%

  • RELX

    0.7800

    32.75

    +2.38%

  • RYCEF

    -0.3000

    14.35

    -2.09%

  • JRI

    0.1200

    11.92

    +1.01%

  • AZN

    5.4600

    193.88

    +2.82%

  • VOD

    0.2100

    14.7

    +1.43%

Austria gears up to fight EU 'green' nuclear energy plan
Austria gears up to fight EU 'green' nuclear energy plan

Austria gears up to fight EU 'green' nuclear energy plan

As the EU moves to label energy from nuclear power and natural gas as "green" investments, Austria is gearing up to fight this, including with a legal complaint.

Text size:

The European Commission is consulting with member states and European lawmakers until Friday on its plans.

A final text could be published by end of the month and would become EU law effective from 2023 if a majority of member states or the EU Parliament fail to oppose it.

"Neither of these two forms of energy is sustainable and therefore has no place in the taxonomy regulation," Environment Minister Leonore Gewessler told AFP in an interview this week in her eighth-floor office overlooking the Danube canal that flows through central Vienna.

"If the Commission continues to work with this proposal and implements it then it is clear that we will take legal action," the Green politician added.

- 'Strong arguments' -

The 44-year-old said Austria had "very, very strong arguments" why energy from nuclear power and natural gas should not be labelled as green and as such she had "great confidence" a complaint at the EU Court of Justice (ECJ) could succeed.

"The question of waste disposal (from nuclear energy) has not been solved for decades... It's as if we give our children a backpack and say 'you will solve it one day,'" she said.

She also noted natural gas produces significant greenhouse emissions.

Austria -- which since 2020 has been governed by its first conservative-Green coalition -- is also lobbying other member states, including Germany, to oppose the commission's proposal.

So far, Luxemburg has indicated it would support a legal complaint, Gewessler said.

"Whatever is labelled green, whatever is labelled sustainable must also actually contain green and sustainable investments," she said, adding renewable energy was "cheaper, more readily available and a safer and better alternative to nuclear energy".

In 2020, the ECJ threw out an appeal by Austria to find British government subsidies for the nuclear power plant at Hinkley Point in breach of the bloc's state aid rules.

- Ghost plant -

Austria itself has only one nuclear power plant at Zwentendorf on the banks of the Danube river about an hour's drive from Vienna -- and that one was never used.

The Alpine nation of nine million people has been fiercely anti-nuclear, starting with an unprecedented vote by its population in 1978 that prevented the plant -- meant to be the first of several -- from providing a watt of power.

Today its massive concrete chimney rises against the grey winter sky.

Zwentendorf lay idle for several decades before it was taken over by Austrian energy company EVN, which maintains it as a training facility for international nuclear engineers.

The switchboards are now covered in glass to protect the buttons from "souvenir hunters", according to EVN spokesman Stefan Zach, while a clock installed for a film shoot is eternally set at five to twelve.

The plant finally began producing electricity in 2009 -- by installing solar panels.

Austria itself targets that all electricity should come from renewable resources by 2030. More than three-quarters already comes from renewable sources.

"Austria is rich in renewable energy... We now have a very high proportion of wind and solar power plants in Austria," Zach told AFP as he walks through the plant's eerily quiet remnants.

"In Austria, nuclear energy is not an option," Zach said, even though he noted electricity imports still include nuclear energy.

(K.Müller--BBZ)