The European Commission must acknowledge the “critical role” that nuclear energy has to play under its sustainable finance initiative, European nuclear trade body Foratom said yesterday. The Commission, it said, should reconsider its decision to exclude nuclear from economic activities covered by the initiative. The Commission is examining how to integrate sustainability considerations into its financial policy framework in order to mobilise finance for sustainable growth. It says the current financial system needs to be better aligned with EU policies and foster investments that support the transition to a low-carbon, climate-resilient, more resource efficient and circular economy, while avoiding “further degradation of our natural capital and preserving financial stability”. It launched its Action Plan on Financing Sustainable Growth in March 2018, and adopted a package of measures in May 2018 implementing several key actions announced in that plan. In July 2018, a Technical Experts Group (TEG) on sustainable finance set up by the Commission began assisting it in developing a unified classification system for sustainable economic activities. The TEG published its Taxonomy Technical Report in June this year. Nuclear energy, however, was excluded from the list of sustainable economic activities.
World Nuclear News 13th Sept 2019 read more »