Today’s political agreement neither explicitly excludes nor includes nuclear energy in the list of eligible environmentally sustainable economic activities. The importance of ‘climate-neutral energy’ for the transition has been explicitly recognised in a recital, while the principle of assessing ‘the feasibility of all existing technologies’ has been introduced into an article dealing with transition activities. The decision to include or exclude nuclear energy has therefore been left to the detailed rules based on technical expert input, subject to ‘do no significant harm criteria’, in particular with regards to the disposal of waste, as well as specific references to life-cycle considerations.
European Commission 18th Dec 2019 read more »
The EU Parliament has drawn a line under a toxic row over whether nuclear energy could be considered ‘green’, after agreeing a compromise last night in talks over the EU’s sustainable finance taxonomy. The row, which threatened to derail the bloc’s plan to push more capital into low-carbon projects, was sparked when some nations pushed for nuclear energy to be labelled as green under a new system to help investors spot green opportunities and avoid greenwash. But other member states opposed the inclusion of nuclear, arguing its production of hazardous waste should rule it out of winning sustainability labelling. Eventually lawmakers reached a compromise yesterday evening that recognises nuclear as a transition fuel. Nuclear companies are set to be judged under a new ‘do no harm’ principle for their disposal of waste that will likely exclude nuclear from the taxonomy altogether. The taxonomy still needs the formal approval of Member States under the EU Council, but they are expected to grant their approval tonight, enabling the first rules to enter force in December 2020.
Business Green 18th Dec 2019 read more »
FORATOM welcomes the agreement reached in Trilogue between the Council, Parliament and Commission on the proposal for a regulation on the establishment of a framework to facilitate sustainable investment (so-called “Taxonomy”) and the fact that the agreed text does not exclude nuclear energy from the regulation. In reference to the delegated acts, which subject nuclear energy to a “do no significant harm” assessment, FORATOM calls on the European Commission to adopt a technology neutral and fact-based approach.
EU Reporter 19th DCec 2019 read more »
A compromise agreement on criteria to be used to determine whether an economic activity is environmentally sustainable has been reached by the European Parliament, European Commission and the European Council. The so-called ‘taxonomy regulation’ does not explicitly exclude nuclear energy.
World Nuclear News 18th Dec 2019 read more »