Foratom has welcomed the European Commission's proposed Fit for 55 to make the EU's climate, energy, land use, transport and taxation policies 'fit' for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels, but says the target leaves open key questions. How will be this transition financed? Will we have enough low-carbon energy to meet our needs? How can we ensure that industries are able to decarbonise their manufacturing processes whilst remaining competitive? And how can we mitigate potential social impacts (e.g. job losses and energy poverty)?
Energy & Environment 15 July 2021
Nearly 100 Members of the European Parliament have called on the European Commission "to follow the science" and include nuclear under the EU's Sustainable Finance Taxonomy. According to a letter sent to Commissioners and published by European nuclear trade body Foratom, the MEPs urge them "to choose the path that their scientific experts have now advised them to take", namely to include nuclear power in the EU's Taxonomy on Sustainable Finance.
Energy & Environment 09 July 2021
Nuclear energy has been excluded from the UK government's Green Financing Framework, while several EU Member States have written to the European Commission to oppose nuclear's inclusion in the bloc's green taxonomy.
Energy & Environment 02 July 2021