-
Campaigners urge G7 chiefs to protect children from AI risks
-
McIlroy says PGA Tour's response to LIV will hurt some events
-
Brazil can't expect easy win over Haiti, says Douglas Santos
-
Like father, like son: Prince George to attend Eton College
-
US-Iran deal to be signed in Switzerland on Friday: Bern
-
UN chief on visit to gang-plagued Haiti says 'glimmers of hope'
-
Paris store to part ways with Shein after ownership change
-
Scott to make 100th consecutive major start at US Open
-
US Federal Reserve kicks off first meeting with Warsh as chair
-
Oil drops below $80 on US-Iran deal
-
New Zealand pick Nicholls to replace Williamson in second Test
-
Chalobah replaces injured England defender Livramento at World Cup
-
How can France-UK mission help reopen Strait of Hormuz?
-
India braces for El Nino-linked dry conditions
-
Root taking England captaincy on 'game by game' basis in Stokes' absence
-
No.1 Scheffler joins Spaun, Howell to start US Open quest
-
DR Congo Ebola outbreak yet to peak, could last a year: Red Cross
-
Nigeria clamps down on misinformation after school kidnapping
-
EU to ban plant-based 'steaks' but veggie 'burgers' sizzle on
-
'On same team': Merz gifts Trump German football jersey
-
Heavyweights Argentina and France start World Cup quests
-
Restoring Kyiv cathedral hit by Russia could take two years: director
-
Energy firms brace for 'new era' despite Hormuz deal
-
Why is Pakistan involved in a US-Iran peace deal?
-
European stocks extend gains, oil falls on US-Iran deal
-
Russian oil producer rations fuel as Ukraine attacks bite
-
US military to build war-ready stockpile in Australia: documents
-
Trump says Russia 'should make a deal' with Ukraine
-
Serena Williams to play doubles with sister Venus at Wimbledon
-
Mideast war peace deal boosts German investor morale
-
Iran says talks on final US deal to begin this week
-
'Jurgen should know better': Klopp criticised for Nagelsmann jibe
-
Gaza tailor turns waste fabrics into dresses for girls
-
With feasts and music, Kashmiri weddings keep traditions alive
-
Ex-Eintracht coach Toppmoeller appointed Lens boss
-
French spies drop AI giant Palantir over US overreliance fears
-
India blocks Telegram before retest exam to curb cheating
-
Stocks extend rally, oil falls further as peace optimism builds
-
G7 powers in push with Zelensky to end war against Ukraine
-
Tunisia sack coach Lamouchi after one World Cup game
-
Chess legend Carlsen backs Norway to go far at World Cup
-
Singer Bonnie Tyler out of coma
-
China's Xi says 'firmly supports' Myanmar in safeguarding sovereignty
-
Vast areas of coral reef could resist climate change: study
-
Iranians up at dawn to cheer their team at World Cup
-
Deadline looms for UniCredit's hostile bid for Commerzbank
-
Prayer, psalms -- and rap: Kinshasa priest engages youth
-
Iran 'most oppressed team in whole World Cup' - coach
-
'All the way': Egypt dare to dream after gritty Belgium draw
-
Bank of Japan hikes rate to 31-year high
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.
O.Bulka--BTB