Myriam Sautma from Youth For Climate Luxembourg (YFCL) joined Tom in the Studio to talk about the upcoming demonstration that they are organizing in response to the green washing of the EU Taxonomy criteria which is being voted on by MEPs tomorrow.

On 25th at noon YFCL will gather at Place de Clairefontaine in Luxembourg City dressed as EU politicians equipped with cleaning utensils and green paint to symbolise the greenwashing of the EU Taxonomy vote.

Having officially entered into force on the 12th of July 2020, the EU Commission's long awaited EU Taxonomy would serve as a financial classification tool, informing private sectors and governments on which activities were deemed sustainable, and therefore encouraged. It was created to support the transformation of our European economies within the objectives set by the EU Green Deal, namely the carbon-neutral goal for 2050. However, in its latest expansion, the design strayed away from this purpose, instead serving as a green washed and harmful financial incentive.

Indeed, the last few months have seen this promising Regulation deviate, as a "result of effective industry lobbying, supported by a pro-gas and nuclear alliance of countries" which led the EU Commission to include both fossil gas and nuclear energy into the EU Taxonomy. It is obvious that deeming these energies "sustainable", even just as a transitory measure in the case of fossil gas, cannot lead to effective decarbonization of financial flows. In fact, endorsing investments towards gas, otherwise known as "Europe's leading source of power emissions" will only "hinder a transition that meets the EU's 2030 climate goals and the Paris Agreement".

Everyone is invited to attend and join the protest. more information can be found on YFCL's social media: www.facebook.com/youthforclimateluxembourg