The nuclear industry has today called on the European Commission to expedite the inclusion of nuclear energy in the EU Taxonomy on Sustainable Finance, following a comprehensive assessment that nuclear energy does no more harm to human health or the environment than any other power-producing technology considered to be sustainable.
World Nuclear News 29th March 2021 read more »
The European Union is still trying to decide what energy technologies should be eligible for a green financing label, as Brussels tries to establish sustainability criteria for investments. After much toing and froing, nuclear power looks set to be included. Hundreds of billions of euros will be available in the coming years for energy projects, transport systems, digital innovations and more, under the EU’s Green Deal. Brussels has been working on financing rules to guide that cash where it is really needed. For some technologies, like coal power and oil boilers, which have an indisputably negative impact on the environment, the task is relatively easy. They will be precluded from the green label and investors will be less likely to stump up any financing. But for natural gas and atomic energy, the process of drafting the so-called ‘sustainable finance taxonomy’ – a classic example of EU jargon-making – has proved to be far more complex.
Engineering & Technology 29th March 2021 read more »