Oireachtas Joint and Select Committees

Tuesday, 8 March 2022

Joint Oireachtas Committee on Climate Action

Energy - Ambition and Challenges: Discussion (Resumed)

Mr. David Owens:

With regard to taxonomy, as was said, the second delegated Act on gas and nuclear has some distance to travel yet. It is a compromise. The Commission has worked through looking at how considerably more than 20% of electricity in the EU is generated using nuclear energy. Not all of the alternatives are in place. The timing of divestment from gas and nuclear technology will have to be carefully considered. The approach of the Government has been to seek to have a slightly higher standard applied on the gas side of taxonomy. However, we remained agnostic on the nuclear side, given that the Commission had worked hard on trying to find a compromise. Many member states had different views for different reasons. There are different stages of development and we judged that it was not unreasonable for the transition, at least, not to rule out any investment in gas or nuclear.

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