Norway requests reassessment of hydropower in EU taxonomy

The EU criteria that determine whether or not hydropower projects are to be considered green investments are too strict, claims the Norwegian government.

BY ANNE FILBERT

Published: 03.03.21 at 12:21

On Monday, Norway’s minister of petroleum and energy, Tina Bru, and minister for the climate and environment, Sveinung Rotevatn, met with Frans Timmermans, the first vice president of the European Commission, whose field of responsibility includes climate matters.

Unsurprisingly, one of the burning issues was the forthcoming EU taxonomy for sustainable investments, which is intended as a classification system that determines whether an investment is sustainable or not.

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Welcon's record revenue shaves paper-thin profit margin

State-subsidized steel from China is making the Danish wind turbine tower supplier's profit bottom out. If the EU doesn't decide to impose a tariff on Chinese steel this year, Welcon predicts that several suppliers will collapse. "But it won't be us," the CEO says.