The disagreement over the question of investing in gas hints at a deeper problem
Save time by listening to our audio articles as you multitaskEuropean institutions cannot agree on the question among themselves. The European Commission’s proposal for a “green taxonomy”, a classification scheme that aims to guide sustainability-minded investors, says the fuel can count as green provided it acts as a “bridge” to more renewable sources.
The return of coal provides the case for restarting spending on gas. Eager to move away from imported gas from Russia, on June 19th the German government announced it was restarting some previously mothballed coal power plants. Investing more in Europe’s gas infrastructure—such as pipelines, terminals for liquefied natural gas imports and storage facilities—could alleviate a shortage of natural gas and keep the continent from having to switch on such plants.
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