The European Commission has published the rules for sustainable finance, also known as “EU taxonomy” intended to help investors and consumers identify economic activities that can be considered environmentally green. Nuclear was not mentioned once in the detailed 66-page Final Report, developed by the Technical Expert Group (TEG) on Sustainable Finance. The 593-page Technical Annex contained a few brief paragraphs relating to “TEG deliberations on nuclear energy”. It acknowledged that: “Nuclear energy generation has near to zero greenhouse gas emissions in the energy generation phase and can be a contributor to climate mitigation objectives,” and that “consideration of nuclear energy by the TEG from a climate mitigation perspective was therefore warranted”. However, it said the proposed Taxonomy regulation and TEG’s methodology for including activities in the Taxonomy “explicitly includes two equally important aspects, Substantial Contribution to one environmental objective and Do No Significant Harm (DNSH) to the other environmental objectives”.
Nuclear Engineering 16th March 2020 read more »