Related Topic: Finance

Viewpoint: Is science (and not politics) finally driving the EU Taxonomy?

Viewpoint: Is science (and not politics) finally driving the EU Taxonomy?

The recent assessment by the EU's scientific body, the Joint Research Centre, that nuclear energy does no more harm to human health or the environment than any other power-producing technology considered to be sustainable may be a sign of the green stamp of approval needed for the inclusion of nuclear in the EU Taxonomy on sustainable finance, write Elina Teplinsky, Vincent Zabielski and Victoria Judd, partner, special counsel and counsel, at Pillsbury Winthrop Shaw Pittman LLP.

Perspectives 06 May 2021


Hungary gets agreement to delay Paks II loan repayment

Hungary gets agreement to delay Paks II loan repayment

Hungary will start repaying the Russian loan for the Paks II project in 2031, five years later than originally agreed, Hungary's Finance Ministry has announced. This amendment to the intergovernmental agreement for the EUR12.5 billion (USD15.1 billion) project means that income from the new nuclear power plant can help repay the loan, but it does not change the rate of interest on the loan nor the option to pay it off early, it added.

New Nuclear 30 April 2021


Uranium investment company restructures to pursue US listing

Uranium investment company restructures to pursue US listing

Uranium investment company Uranium Participation Corporation has entered into a definitive agreement with Sprott Asset Management LP to convert UPC into the Sprott Physical Uranium Trust and pursue listing on US stock exchanges. Denison Mines Inc's Management Services Agreement with UPC will be terminated, with Denison set to receive a termination payment estimated at CAD5.3 million (USD4.3 million).

Corporate 29 April 2021


New Jersey extends ZECs for nuclear plants

New Jersey extends ZECs for nuclear plants

The New Jersey Board of Public Utilities has unanimously voted to extend the zero emission certificates for the Hope Creek and Salem nuclear power plants for an additional three years.

Nuclear Policies 28 April 2021


Banks present ways to turn finance green

Banks present ways to turn finance green

Finance must be mobilised at "an absolutely unprecedented level" if a net-zero economy is to be created as rapidly as required, US Special Presidential Envoy for Climate John Kerry said at the Leaders Summit on Climate last week. The magnitude of this challenge means that governments alone "cannot possibly" find all the necessary investment, he added.

Energy & Environment 26 April 2021


Guterres thanks USA for 'walking the talk' with new climate target

Guterres thanks USA for 'walking the talk' with new climate target

The USA has pledged to cut its CO2 emissions by 50-52% below 2005 levels by the end of this decade. US President Joe Biden announced the target at the Leaders Summit on Climate that he is hosting today and tomorrow to encourage increased ambition in combatting climate change. The event coincides with Earth Day, the annual event first held on 22 April 1970.

Energy & Environment 22 April 2021


Nuclear to be included in Delegated Act of EU taxonomy

Nuclear to be included in Delegated Act of EU taxonomy

The European Commission today announced its decision to include nuclear energy in a complementary Delegated Act of the EU Taxonomy Regulation. The decision follows the recent publication of the Joint Research Centre's report confirming nuclear is as sustainable as other taxonomy-compliant energy technologies.

Energy & Environment 21 April 2021


Independent auditors recommend financial support for Illinois plants

Independent auditors recommend financial support for Illinois plants

An independent financial audit requested by the state of Illinois has found the Byron and Dresden nuclear power plants face "real risk" of becoming uneconomic in the near term. State support could help provide security for the plants to be part of a strategy for Illinois to transition to less carbon-emitting resources, the report finds.

Corporate 20 April 2021


Industry must work to attract ESG investments, panel says

Industry must work to attract ESG investments, panel says

The nuclear power industry and its supply chain already conforms with the environment, social and governance principles being discussed by investors, delegates at the World Nuclear Fuel Cycle forum heard on 14 April. However, speakers in a session on ESG investments in the nuclear fuel cycle called for the industry to be more vocal in getting this message across.

Energy & Environment 16 April 2021


Nuclear industry must change the way it communicates, says Think Atom

Nuclear industry must change the way it communicates, says Think Atom

The nuclear industry has for too long taken a passive role in debates that determine how its technology is perceived by the public, but the climate crisis demands active communication about its many benefits, Rauli Partanen, the CEO of Think Atom, said yesterday in his address to delegates at the World Nuclear Fuel Cycle forum. In his keynote speech, Selling the benefits instead of the fear - How to turn the discussion on the future of nuclear into an expansive and progressive one, Partanen said the positive facts about nuclear are lost to poor messaging.

Energy & Environment 15 April 2021