Nuclear Policies

Nuclear Policies
Invest in nuclear to galvanise growth, says OECD-NEA

Invest in nuclear to galvanise growth, says OECD-NEA

The sheer size of nuclear projects might be a barrier in some markets where private investors are looking for short‑term paybacks. However, during a period of economic recovery, large‑scale and long‑term energy infrastructure projects, such as nuclear power plants, can galvanise the social cohesion and economic spill‑overs required to re-launch general economic activity.

Nuclear Policies 29 July 2020


States are best-placed to value new nuclear, says lawyer

States are best-placed to value new nuclear, says lawyer

Only governments can properly value the benefits of nuclear power and their support is therefore necessary to secure financing for new-build projects, George Borovas, partner and head of nuclear at law firm Shearman & Sterling, said today. Borovas was speaking during an OECD-Nuclear Energy Agency webinar on its newly published Policy Brief, Unlocking financing for nuclear energy infrastructure in the COVID-19 economic recovery.

Nuclear Policies 28 July 2020


US Senate passes Nuclear Energy Leadership Act

US Senate passes Nuclear Energy Leadership Act

The US Senate has passed the Nuclear Energy Leadership Act (NELA) after it was included as an amendment to an act authorising defence appropriations and policies for fiscal 2021. NELA aims to re-establish US leadership in nuclear energy, with a focus on the demonstration of advanced reactors.

Nuclear Policies 27 July 2020


USA lifts nuclear finance ban

USA lifts nuclear finance ban

The USA has lifted its legacy prohibition on funding nuclear energy projects overseas. The US International Development Finance Corporation changed its Environmental and Social Policy and Procedures following a 30-day public consultation period.

Nuclear Policies 24 July 2020


UK premier reiterates support for nuclear

UK premier reiterates support for nuclear

UK Prime Minister Boris Johnson has repeated his support for new nuclear power. During Prime Minister's Question Time in the House of Commons yesterday, Johnson told a member of parliament representing a constituency in Cumbria, "We believe that nuclear power is a significant potential contributor to our Net Zero ambitions, and I look forward to working with my Honourable Friend to ensure that Cumbria continues its long historic tradition as a pioneer of new nuclear technologies."

Nuclear Policies 16 July 2020


House appropriators request more details on US uranium reserve

House appropriators request more details on US uranium reserve

The US House Committee on Appropriations has denied a funding request from the US Department of Energy for fiscal 2021 for establishing a uranium stockpile. The committee requested further information from the department on the justification for the reserve and how it will be implemented.

Nuclear Policies 16 July 2020


JRC to assess nuclear's inclusion in EU Taxonomy

JRC to assess nuclear's inclusion in EU Taxonomy

Foratom, the European nuclear trade body, has welcomed the European Commission's decision to appoint its Joint Research Centre as the group of experts that will assess nuclear under the sustainable finance taxonomy. However, the JRC will not submit its findings until next year, after the relevant acts have already been finalised.

Nuclear Policies 06 July 2020


NEA study sets scene for reducing nuclear costs

NEA study sets scene for reducing nuclear costs

Building new nuclear capacity does not need to be risky or expensive, a new report from the OECD Nuclear Energy Agency has found. The organisation has called for government action to support a rapid reduction in the costs of new nuclear capacity by creating policy frameworks that capture and apply the lessons learned and capabilities developed over recent years.

Nuclear Policies 03 July 2020


New nuclear will ensure France's energy security, SFEN says

New nuclear will ensure France's energy security, SFEN says

A failure to renew France's fleet of nuclear power reactors will have consequences as soon as 2030 for not only the country's energy security but also its climate targets, according to the French nuclear energy society (SFEN). Nuclear power plants, with a combined capacity of 62 GWe, currently account for more than 70% of the country's electricity generation.

Nuclear Policies 01 July 2020


UK industry presents nuclear roadmap to net-zero

UK industry presents nuclear roadmap to net-zero

Plans for a clean economic recovery and the goal of 'Net Zero by 2050' need commitment to new nuclear power plants, the UK’'s Nuclear Industry Association said today. Ahead of the Climate Change Committee's annual progress update due this week, the NIA has released Forty by ’50: A Nuclear Roadmap, an assessment produced for the government and industry body, the Nuclear Industry Council.

Nuclear Policies 24 June 2020