The Green Brief: Gas, Nuclear and the EU Taxonomy Saga

The European Commission must determine which economic activities in the EU can be labeled as a sustainable investment based on their meeting strict environmental criteria.  It is expected that the Sustainable Finance and EU Taxonomy will define nuclear power as a “green”, “transition”, or even an "amber" technology.  This would lower financing costs for the capital-intensive nuclear power industry that requires state aid from EU governments to be economically viable.  Yet, this would also contravene the primary intent of the widely supported European Green Deal, which is to finance the EU's sustainable and ecological transition towards a circular economy.