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Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.
New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.
On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.
- Source: Nucnet
- Date: Tuesday, 10 January 2023
- Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023
The policy effectively reverses the previous administration’s plans to phase out commercial nuclear energy.
Former president Moon Jae-in’s policy had been to retire the country’s 24 commercial reactors, which supply about 30% of its electricity generation, and refrain from building new ones.
By contrast, new president Yoon Suk-yeol, who took office earlier this year, is bullish on the need for South Korea to embrace nuclear energy. He has said building nuclear power plants is a global trend and essential to the reduction of carbon and energy security, noting that the EU had recently classified nuclear power as green energy in its sustainable finance taxonomy.
- Source: Nucnet
- Date: Thursday, 07 July 2022
- Original article: nucnet.org/news/new-energy-policy-reverses-phaseout-plans-and-targets-30-nuclear-share-in-2030-7-3-2022