Nuclear Power Classified as Environmentally Sustainable in UK's Green Taxonomy

March 31, 2023

On March 15, 2023, the UK’s Chancellor of the Exchequer, Jeremy Hunt, announced that nuclear power will be classified as “environmentally sustainable” in UK’s green taxonomy, “giving it access to the same investment incentives as renewable energy.” He stated that “because the wind doesn’t always blow and the sun doesn’t always shine, we will need another critical source of cheap and reliable energy. And that is nuclear.” The inclusion of nuclear power within the UK green taxonomy mirrors a similar move including nuclear within the EU green taxonomy last year.

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