Latest News

Filters

Filter by tags: United Kingdom Europe Oil shale Clear all tag filters

1 news articles found


Low-carbon nuclear is an essential component of a low-carbon economy, says industry group The Brussels-based nuclear industry group Foratom has welcomed the EU’s goal of providing financial support to coal-dependant regions to help them in their decarbonisation efforts, but said it regrets the European Commission’s proposal to exclude such funds being used for nuclear plants.

The funding proposal is part of the commission’s “just transition mechanism” (JTM), details of which were announced on Tuesday along with €1 trillion in funding for the European Green Deal, which was adopted by the commission last month and sets out ambitious climate and environmental objectives for the bloc.

The JTM, and an associated just transition fund, was one of the proposals in the Green Deal, which is the major initiative in the bloc’s efforts to become zero-carbon by 2050.

The total investment expected to be mobilised under the proposed JTM will be €100bn over 2021-2027 with financing coming from the EU budget, co-financing from member states, EU regional aid programmes and the European Investment Bank, the commission said.

Date: Thursday, 16 January 2020
Original article: nucnet.org/news/europe-s-just-transition-loans-should-be-extended-to-nuclear-1-3-2020

Countries

Status

No Tags found.