EU Taxonomy Makes Room for Nuclear While Imposing Hurdles for Investments

Washington, D.C.—The following statement can be attributed to Maria Korsnick, president and chief executive officer of the Nuclear Energy Institute:

“The draft taxonomy issued by the European Commission is an important step forward as Europe seeks a pathway to meet its sustainability and climate goals. It illustrates the consensus opinion that existing and new nuclear generation are critical to global decarbonization efforts. However, the draft taxonomy fails to create a level playing field in which all carbon-free sources—wind, nuclear, solar and hydropower—can work together to decarbonize economies. Significant changes to the draft are needed to remove unnecessary barriers to existing nuclear generation and the development of new nuclear projects. Nuclear carbon-free generation can and should be the foundation of a just clean energy system of the future.”