EU’s Rebranding Of Natural Gas And Nuclear Power As ‘Green Investments’ Could Not Come At A Better Time

EU’s Rebranding Of Natural Gas And Nuclear Power As ‘Green Investments’ Could Not Come At A Better Time

TOPSHOT - Ukrainian Military Forces servicemen of the 92nd mechanized brigade use tanks, ... [+] self-propelled guns and other armored vehicles to conduct live-fire exercises near the town of Chuguev, in Kharkiv region, on February 10, 2022. - Russia's deployment for a military exercise in Belarus and on the borders of Ukraine marks a "dangerous moment" for European security, NATO's chief said on February 10, 2022. (Photo by Sergey BOBOK / AFP) (Photo by SERGEY BOBOK/AFP via Getty Images) Tensions between Russia and the West over a possible invasion of Ukraine have reached their zenith. If a shooting war between the two ex-Soviet states does erupt, it will likely happen within the next 72 hours, or not at all (this does not preclude the possibility of limited border incursions by Russian troops or perhaps the formal recognition of Ukraine's breakaway provinces ). But whatever course this crisis takes, one thing is certain: Europe must seriously reevaluate its energy security position vis-à-vis Russia and act now. One promising move has been made in this regard. Earlier this month, the European Commission presented a plan to change the 'taxonomy' of green investments to include natural gas and nuclear energy. This means that