Energy portfolios vary among different European countries, and as such, this was undeniably a political issue. In 2020, nuclear power plants (NPPs) were operating in 13 European countries, with France taking the lead. With 56 reactors, nuclear energy in France accounts for more than 70% of the country's total consumption and more than half of Europe’s total nuclear energy volume. In contrast, following the 2011 Fukushima NPP accident, Germany began the process of closing its own NPPs, which is due to finish this year, and became even more dependent on Russian natural gas. It should be noted that Germany is the heavyweight of the European economy; therefore, if the German economy were to fall into recession, the consequences would be felt across the whole of Europe, including Latvia.
The European Commission adopted the decision that investments related to nuclear energy and natural gas should be classified as green on 31 December last year. The European Parliament and the Council then had six months to adopt or reject the legislative act, so the final moment to do so had arrived. In the EP Committee on the Environment, Public Health and Food Safety and the Committee on Economic and Monetary Affairs, MEPs voted against the "green taxonomy" proposal. However, in the parliamentary vote, the Greens and the Left failed to gather enough votes to reject the act.
