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.

Photo: PR / Uniper

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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