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Ministers’ decision to sign letter to European commission ‘regrettable’ Spain is planning to shut all its nuclear power plants by 2035. Excluding nuclear power from Europe’s sustainable finance taxonomy could compromise funding for nuclear generation in Spain and endanger the continuity of reactor operations during the country’s planned energy transition up to 2035, Madrid-based Foro Nuclear said.

The Madrid-based industry group’s comments followed the government’s decision to sign a letter asking for nuclear power to be excluded from the taxonomy. Foro Nuclear said this decision was “regrettable”.

The letter, addressed to the European commission, was signed by two Spanish ministers along with ministers from Germany, Austria, Denmark and Luxembourg – four countries that have no nuclear energy or, in Germany’s case, have decided to phase it out.

Spain has decided to phase out its fleet of seven commercial nuclear reactors by 2035, but a May 2021 International Energy Agency report warned this might not be straightforward.

Date: Thursday, 22 July 2021
Original article: nucnet.org/news/excluding-nuclear-from-taxonomy-could-endanger-transition-says-industry-group-7-3-2021

Foratom has welcomed the European Commission's proposed Fit for 55 to make the EU's climate, energy, land use, transport and taxation policies 'fit' for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels, but says the target leaves open key questions. How will be this transition financed? Will we have enough low-carbon energy to meet our needs? How can we ensure that industries are able to decarbonise their manufacturing processes whilst remaining competitive? And how can we mitigate potential social impacts (e.g. job losses and energy poverty)?

Date: Friday, 16 July 2021
Original article: world-nuclear-news.org/Articles/Nuclear-answers-the-open-questions-of-Fit-for-55,

Nuclear has key role and is ‘cheapest source of electricity’, says industry group The Brussels-based nuclear industry group Foratom has welcomed a package of emissions-related policies published by the European commission on Wednesday, but has called for clarification on how the transition will be financed and whether there will be enough low-carbon energy to meet the bloc’s needs.

Foratom questioned how the commission can ensure that industries are able to decarbonise their manufacturing processes whilst remaining competitive and how potential social impact such as job losses and energy poverty can be mitigated.

The group said it supports all proposals which aim to reduce CO2 emissions in line with European climate law and the Paris Agreement, a legally binding international treaty on climate change which entered into force in 2016.

The group said it supports all proposals which aim to reduce CO2 emissions in line with European climate law and the Paris Agreement, a legally binding international treaty on climate change which entered into force in 2016.

Date: Thursday, 15 July 2021
Original article: nucnet.org/news/foratom-calls-for-clarity-on-commission-s-fit-for-55-emissions-policies-7-3-2021

Russia’s Kaliningrad plant is among options Image Courtesy Flickr/Lukas Plewnia. Poland’s fourth largest electricity producer and operator of four coal-fired power plants ZE PAK might be interested to invest in the construction of nuclear power plants in Poland and overseas as a way to transition away from fossil fuel generation, the Polsat broadcasting media reported.

"ZE PAK is considering many options, including participation in the construction of a nuclear power plant in Poland from scratch, which will most likely take many years”, said Tomasz Matwiejczuk, a spokesman for Polish billionaire Zygmunt Solorz, majority shareholder of ZE PAK and Polsat.

"Another option could be a capital investment in foreign assets, with one of the options analysed being a potential investment together with other reputable and experienced partners in the nuclear power plant already under construction in [Russia’s] Kaliningrad district”, Mr Matwiejczuk said according to Polsat.

Date: Saturday, 10 July 2021
Original article: nucnet.org/news/large-coal-plant-operator-interested-to-invest-in-nuclear-say-reports-7-5-2021

Nearly 100 Members of the European Parliament (MEPs) have called on the European Commission "to follow the science" and include nuclear under the EU's Sustainable Finance Taxonomy. According to a letter sent to Commissioners and published by European nuclear trade body Foratom, the MEPs urge them "to choose the path that their scientific experts have now advised them to take", namely to include nuclear power in the EU's Taxonomy on Sustainable Finance.

Date: Saturday, 10 July 2021
Original article: world-nuclear-news.org/Articles/MEPs-call-on-EC-to-recognise-nuclear-as-sustainabl

Letter says EC needs be ‘brave’ against opposition A group of 87 members of European Parliament (MEPs) signed a letter sent this morning to European commissioners calling on Brussels policy makers to include nuclear energy in the European Union’s sustainable finance taxonomy.

The letter said that reports by the EU’s Joint Research Centre (JRC) and two other expert groups “with expertise in environmental science” have shown that nuclear qualified as sustainable and does no more harm to human health or to the environment than other energy production sources already included in the bloc’s taxonomy.

The sustainable finance taxonomy is a package of regulations that governs investment in activities that the EU says are environmentally friendly.

Date: Friday, 09 July 2021
Original article: nucnet.org/news/members-of-eu-parliament-call-on-commission-to-include-nuclear-in-green-taxonomy-7-4-2021

Taxonomy updated, but still without nuclear The European Commission (EC) released yesterday a package of measures to boost the financing of sustainable investment in the 27-member bloc with the goal of reaching its greenhouse gas emission reduction goals by 2030.

The EC said a new sustainable finance strategy will support the financing of the transition to a sustainable economy by helping public and private stakeholders channel capital into green economic activities.

The Commission also proposed the creation of an European Green Bond Standard (EUGBS) to serve as a guideline for how private companies and public authorities can use green bonds to raise funds on capital markets. The EUGBS will be voluntary and open to all investors, but will be aligned to the EU’s sustainable finance taxonomy.

Date: Thursday, 08 July 2021
Original article: nucnet.org/news/commission-unveils-measures-to-boost-green-financing-7-3-2021

Two expert groups, tasked by the European Commission (EC) to assess the role of nuclear energy in the green finance taxonomy, published their reports on 2 July.

Date: Wednesday, 07 July 2021
Original article: neimagazine.com/news/newstwo-expert-groups-report-to-ec-on-nuclears-role-in-the-green-taxonomy-8872939

The European Commission has adopted the Euratom Work Programme 2021-2022, implementing the Euratom Research and Training Programme 2021-2025, which complements Horizon Europe. The Work Programme outlines the objectives and specific topic areas that will receive EUR300 million (USD355 million) in funding.

Date: Wednesday, 07 July 2021
Original article: world-nuclear-news.org/Articles/Euratom-research-and-innovation-programme-receives