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United Kingdom will not finance any nuclear-energy related expenditures under its Green Financing Framework

Nuclear energy has been excluded from the UK government’s Green Financing Framework, while several EU Member States have written to the European Commission to oppose nuclear’s inclusion in the bloc’s green taxonomy.

The UK’s Green Financing Framework describes how the government plans to finance expenditures through the issuance of green gilts and the retail Green Savings Bonds that it says will be critical in tackling climate change and other environmental challenges. The framework, which was produced and published yesterday by the Treasury, sets out the basis for identification, selection, verification and reporting of the green projects that are eligible for such financing.

Under ‘exclusions’, the document says: “Recognising that many sustainable investors have exclusionary criteria in place around nuclear energy, the UK government will not finance any nuclear energy-related expenditures under the Framework.”

 World Nuclear News 2nd July 2021

https://www.world-nuclear-news.org/Articles/UK-excludes-nuclear-from-green-taxonomy

July 3, 2021 - Posted by Christina Macpherson | business and costs, politics, UK