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UK nuclear decommissioning plan could deliver savings, but risks remain - NAO

UK nuclear decommissioning plan could deliver savings, but risks remain - NAO

The UK’s new funding arrangements for the decommissioning of seven of its advanced gas-cooled reactor nuclear power plants could deliver savings but "financial risks" remain and its success "will ultimately depend on the relevant parties working collaboratively", says the UK spending watchdog the National Audit Office.

Nuclear Policies 28 January 2022

Sizewell C gets financial backing from UK government

Sizewell C gets financial backing from UK government

The UK government has allocated GBP100 million (USD134 million) to continue the EDF-led development of the Sizewell C nuclear power plant project, with the aim of attracting further finance from private investors.

New Nuclear 27 January 2022

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EU needs 'colossal' investment in new nuclear, says commissioner

Foratom proposes changes to Taxonomy CDA

Kazakhstan-based physical uranium fund begins operations

Kazatomprom announces physical uranium fund

Nuclear and gas criteria set for inclusion in EU taxonomy

Sizewell C gets financial backing from UK government

Ten EU nations call for nuclear's inclusion in taxonomy

UK nuclear decommissioning plan could deliver savings, but risks remain - NAO

UK minister talks up Hinkley Point C progress

UK minister talks up Hinkley Point C progress

UK minister talks up Hinkley Point C progress

The UK’s Business and Energy Secretary Kwasi Kwarteng said the country was "firmly committed to deploying new nuclear" as he toured construction work at Hinkley Point C. It follows House of Commons approval for the Nuclear Financing Bill, which ministers hope will make the financing of new nuclear attractive to British funds and institutional investors.

New Nuclear 14 January 2022

Foratom proposes changes to Taxonomy CDA

Foratom proposes changes to Taxonomy CDA

European nuclear trade body Foratom has welcomed the decision of the European Commission to include nuclear within the sustainable finance taxonomy under certain conditions. However, it has provided the Commission with some suggestions for improvement, based on analysis of the leaked draft Complementary Delegated Act.

Energy & Environment 12 January 2022

EU needs 'colossal' investment in new nuclear, says commissioner

EU needs 'colossal' investment in new nuclear, says commissioner

Investment in nuclear power totalling around EUR500 billion (USD565 billion) by 2050 will be needed if the European Union’s goal of carbon neutrality is to be hit, the European Commissioner for the Internal Market Thierry Breton has said in an interview with France’s Le Journal du Dimanche.

Nuclear Policies 10 January 2022

Nuclear and gas criteria set for inclusion in EU taxonomy

Nuclear and gas criteria set for inclusion in EU taxonomy

The European Commission has released to member states for consultation a draft of the complementary Delegated Act of the EU Taxonomy Regulation covering certain gas and nuclear activities. The Commission notes that in light of respective assessments "it is necessary to recognise that the fossil gas and nuclear energy sectors can contribute to the decarbonisation of the Union's economy."

Energy & Environment 06 January 2022

Kazakhstan-based physical uranium fund begins operations

Kazakhstan-based physical uranium fund begins operations

Kazakh national nuclear company Kazatomprom has signed a framework agreement with Genchi Global to invest in the newly established ANU Energy OEIC Limited physical uranium fund, meaning the fund can begin operations. Meanwhile, Kazatomprom has exercised an option to buy back uranium previously sold to Yellow Cake plc.

Uranium & Fuel 23 November 2021

V4 countries reiterate support for nuclear

V4 countries reiterate support for nuclear

Ministers from Hungary, Slovakia, the Czech Republic and Poland (the Visegrad 4) met in Paks and agreed: "Without nuclear power it will not be possible to achieve the goals of climate neutrality." They called on the European Commission to approve its inclusion in the taxonomy of sustainable investments.

Nuclear Policies 19 November 2021

Rolls-Royce secures funding for SMR deployment

Rolls-Royce secures funding for SMR deployment

British engineering group Rolls-Royce has announced the establishment of a new business - Rolls-Royce SMR Limited - for the deployment and commercialisation of its small modular reactor technology. The announcement follows the securing of GBP210 million (USD285 million) in funding from the UK government, matched by more than GBP250 million of private investment. 

New Nuclear 09 November 2021

Nuclear a vital tool in achieving decarbonisation, panel says

Nuclear a vital tool in achieving decarbonisation, panel says

Nuclear energy provides enormous opportunities to bring about a fast, cost-effective and just decarbonisation, World Nuclear Association Director General Sama Bilbao y León said yesterday in a COP26 event titled The Role of Nuclear Energy in a Net-Zero Future. Innovations in technologies - such as small modular reactors - and new ways of financing projects will help nuclear play its role in decarbonising the world, participants said.

Energy & Environment 05 November 2021