Related Topic: European Union

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


EU needs long-term operation of nuclear fleet, says Foratom

EU needs long-term operation of nuclear fleet, says Foratom

The long-term operation of the existing fleet of nuclear power reactors will help the European Union achieve its emission reduction targets at an affordable cost, according to European nuclear trade body Foratom. In an updated position paper, it says the LTO of existing units will help achieve the interim 2030 targets, reduce the EU's energy import dependency and support the integration of a higher share of renewables.

Energy & Environment 15 December 2021


Report reinforces nuclear's role in EU low-carbon energy system

Report reinforces nuclear's role in EU low-carbon energy system

A future low-carbon energy system based on variable renewables will require the backup of additional flexible capacity, according to an updated report commissioned by European nuclear trade body Foratom. It says nuclear provides a key competitive advantage as it is the only dispatchable, low-carbon and non-weather dependent technology which can support the energy system transition under secure conditions.

Energy & Environment 07 December 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


Grossi 'absolutely confident' of nuclear's inclusion in EU taxonomy

Grossi 'absolutely confident' of nuclear's inclusion in EU taxonomy

The International Atomic Energy Agency's Director General Rafael Mariano Grossi said he is "absolutely confident" that "some arrangement" will be made to accept nuclear energy in the EU's taxonomy of sustainable investment. In an on-stage interview at COP26, he said the escalation of gas prices has increased political interest in nuclear power.

Energy & Environment 04 November 2021


'Evolution' in EU nuclear debate

'Evolution' in EU nuclear debate

European industry body Foratom is hopeful that a new conversation around nuclear energy in light of the continent's gas crisis will bring the policy framework needed for it to make a major contribution to 2030 energy targets, a Moody's webinar heard.

Nuclear Policies 03 November 2021


Nuclear helps tackle high energy prices, Foratom says

Nuclear helps tackle high energy prices, Foratom says

A European Commission communication that includes a "toolbox" that the EU and its Member States can use to address the immediate impact of high energy prices fails to mention nuclear energy's contribution, Foratom said. By including nuclear, the EU would have a unique opportunity for limiting its dependence on carbon intensive natural gas imports, thereby reducing its exposure to wholesale price fluctuations and its carbon footprint, the European nuclear trade body added.

Nuclear Policies 15 October 2021


Ten EU nations call for nuclear's inclusion in taxonomy

Ten EU nations call for nuclear's inclusion in taxonomy

Nuclear energy must be included in the framework of the European taxonomy before the end of this year, energy and economy ministers from ten EU member states said in a joint article published in several European newspapers yesterday. The ministers said nuclear energy is "an affordable, stable and independent energy resource". The Czech Ministry of Energy described the nations as a 'Nuclear Alliance'.

Energy & Environment 11 October 2021