nuclear-news

World’s 30 major banks are NOT investing in so-called “green” “sustainable” nuclear energy

None of the world’s 30 major banks have explicitly included nuclear energy
in their criteria for issuing green or sustainability-linked bonds,
researchers said on Thursday, despite an EU decision last year to label it
as sustainable.

The European Union decided last year to include nuclear
power plants in its list of investments that can be labelled and marketed
as green. The move aimed to guide investors towards climate-friendly
technologies, but split EU countries who disagree on atomic energy’s green
credentials.

So far, banks have not followed the EU’s lead in their own
green bond rules, according to an analysis by Columbia University’s Center
on Global Energy Policy. The study looked at the 30 banks deemed
systemically important by the Financial Stability Board. Of those banks, 17
had explicitly excluded nuclear energy from their green financing
frameworks, while 12 had frameworks that were silent on nuclear, and one
had no such framework, the researchers said.

Reuters 6th July 2023

https://www.reuters.com/sustainability/major-banks-yet-match-eu-with-nuclear-green-label-study-2023-07-06/

July 8, 2023 - Posted by Christina Macpherson | 2 WORLD, business and costs