The European Commission yesterday unveiled its plan for at least EUR1 trillion (USD1.1 trillion) in sustainable investments over the next decade. The European Green Deal Investment Plan (EGDIP) is the investment pillar of the Green Deal, which aims to make the EU climate-neutral by 2050. Nuclear power, a low-carbon source of electricity, is not considered ‘green’ under the plan and this transition fund money will not finance construction of nuclear power plants. This is despite the fact that the 126 nuclear power reactors in operation in the European Union provide more than half of its low-carbon electricity output. The use of nuclear energy in the EU avoids the emission of 700 million tonnes of CO2 each year.
World Nuclear News 15th Jan 2020 read more »
The EU’s regional policy Commissioner Elisa Ferreira revealed on Tuesday (14 January) details of the €100 billion Just Transition Mechanism, a key financial component of the European Green Deal that should make the bloc climate neutral by 2050. “Nuclear energy is excluded from the Just Transition Mechanism,” Ferreira told a small group of journalists ahead of the college meeting of the European Commission that approved the proposal for the fund aimed at supporting poorer EU regions achieve climate neutrality. EU leaders agreed in December on a bloc-wide objective of reaching climate neutrality by 2050. In order to convince Hungary and the Czech Republic to sign up, they also reaffirmed the right of countries to decide on their own energy mix, including nuclear.
Edie 15th Jan 2020 read more »