None of the world’s 30 major banks count nuclear energy as “green”

Major banks yet to match EU with nuclear green label, study finds

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 (6 July), 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.

 Euractiv 6th July 2023    https://www.euractiv.com/section/energy-environment/news/major-banks-yet-to-match-eu-with-nuclear-green-label-study-finds/

July 19, 2023 - Posted by Christina Macpherson | business and costs