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Relations (1)
cross_type 2.81 — strongly supporting 6 facts
The European Union is actively debating and has ultimately decided to include nuclear energy within its sustainable finance taxonomy, a classification system for environmentally sustainable investing as described in [1] and [2]. This inclusion has sparked significant political conflict between member states like France and Germany [3] and drawn criticism from major investment organizations [4].
Facts (6)
Sources
The geopolitics of energy transition, part 1: Six challenges for the ... ine.org.pl 3 facts
claimThe European Union is currently debating whether to include nuclear energy and non-green hydrogen in the EU taxonomy, which is the classification system for environmentally sustainable investing.
claimThe inclusion of nuclear energy in the European Union's taxonomy would reassure countries that rely on French or American nuclear technology to reach their climate goals, whereas its exclusion would likely boost investments in German-produced renewable energy technologies.
claimThe dispute over the inclusion of nuclear energy in the EU taxonomy is primarily a conflict between France and Germany.
A Critical Disconnect: Relying on Nuclear Energy in ... energypolicy.columbia.edu 3 facts
claimFrance and Germany have excluded nuclear energy as a permissible use of proceeds from their recent sovereign green bond issuances, despite the European Union taxonomy including nuclear energy.
perspectiveThe Principles for Responsible Investment (PRI), which represents over $121 trillion in assets under management, was critical of the European Union's inclusion of nuclear energy in its taxonomy, citing concerns related to safety, waste management, and proliferation.
measurementFollowing the European Union's decision to include nuclear power in its sustainable finance taxonomy, Ontario Power Generation in Canada issued a green bond that included nuclear energy in its use of proceeds, with demand exceeding the deal size by nearly six times.