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UK and Europe relax rules on nuclear, gas

A raft of measures introduced by British and European measures geared at securing future energy supplies will facilitate nuclear and gas projects through carbon capture and reclassification,

Jessica Davies 08 Jul 2022 ”…………………………. British MP Paul Scully said yesterday that a decision on whether to approve the French electricity company’s Sizewell C nuclear reactors in Suffolk has been postponed until 20 July. Two new reactors would add to an existing plant at the Sizewell site.  

Members of the European Parliament meanwhile adopted controversial measures to count nuclear and gas as “environmentally sustainable” activities, reneging on an earlier objection to the European Commission’s proposals. 

A total of 278 European ministers voted in favour of the resolution, parliament said on Wednesday, short of the 353 votes needed to block the proposal. In the absence of further objections, the new classification will enter force next January. 

The UK energy security bill will similarly give the green light to nuclear power projects, in tandem with the Nuclear Energy Act that received Royal assent earlier this year.  

The two pieces of legislation will bring forward the “re-use of nuclear sites” as well as facilitate carbon capture at project sites, the government said.  

Britain’s government will reserve the right to take a ‘special share’ in all future nuclear projects, it added, as a condition for financial support through the new funding mechanism. ……….. https://www.proactiveinvestors.co.uk/companies/news/987019/uk-and-europe-relax-rules-on-nuclear-gas-987019.html

July 7, 2022 - Posted by | Uncategorized

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