Related Topic: Finance

Unions repeat call for nuclear's inclusion in EU taxonomy

Unions repeat call for nuclear's inclusion in EU taxonomy

Nuclear energy must be included in a delegated act of the European taxonomy, 18 trade unions in the energy sector from 10 European Union countries have told Ursula von der Leyen, president of the European Commission. In a joint letter, the unions called for "a dialogue with the purpose of nuclear energy to play its full potential and build an economically efficient and socially just carbon-free Europe by 2050".

Energy & Environment 27 July 2021


Brazilian consortium wins Angra 3 tender with USD56.1 million bid

Brazilian consortium wins Angra 3 tender with USD56.1 million bid

Eletronuclear has announced the winners of a tender to complete unit 3 of the Angra nuclear power plant in Rio de Janeiro. A Brazilian consortium comprising Ferreira Guedes, Matricial and ADtranz submitted the winning bid of Real 292 million (USD56.1 million), which Eletronuclear said is 16% lower than the reference value for the project. In total, two companies and five consortia participated in the opening session of the proposals, held on 29 June.

Corporate 27 July 2021


New uranium fund begins trading

New uranium fund begins trading

The newly created Sprott Physical Uranium Trust has begun trading on the Toronto Stock Exchange after Sprott Asset Management LP, a wholly owned subsidiary of precious metals and real assets investments company Sprott Inc, completed a previously announced transaction with Uranium Participation Corporation.

Uranium & Fuel 20 July 2021


Nuclear answers the open questions of Fit for 55, says Foratom

Nuclear answers the open questions of Fit for 55, says Foratom

Foratom has welcomed the European Commission's proposed Fit for 55 to make the EU's climate, energy, land use, transport and taxation policies 'fit' for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels, but says the target leaves open key questions. How will be this transition financed? Will we have enough low-carbon energy to meet our needs? How can we ensure that industries are able to decarbonise their manufacturing processes whilst remaining competitive? And how can we mitigate potential social impacts (e.g. job losses and energy poverty)?

Energy & Environment 15 July 2021


MEPs call on EC to recognise nuclear as sustainable

MEPs call on EC to recognise nuclear as sustainable

Nearly 100 Members of the European Parliament have called on the European Commission "to follow the science" and include nuclear under the EU's Sustainable Finance Taxonomy. According to a letter sent to Commissioners and published by European nuclear trade body Foratom, the MEPs urge them "to choose the path that their scientific experts have now advised them to take", namely to include nuclear power in the EU's Taxonomy on Sustainable Finance.

Energy & Environment 09 July 2021


Nuclear energy faces hurdles to be included in clean energy investments

Nuclear energy faces hurdles to be included in clean energy investments

Nuclear energy has been excluded from the UK government's Green Financing Framework, while several EU Member States have written to the European Commission to oppose nuclear's inclusion in the bloc's green taxonomy.

Energy & Environment 02 July 2021


Brazil hires Tractebel-led consortium for Angra 3

Brazil hires Tractebel-led consortium for Angra 3

Brazil's National Bank for Economic and Social Development has hired a consortium to structure the project for the completion of the Angra 3 nuclear power plant in Rio de Janeiro. Contracting of the Angra Eurobras NES consortium - Tractebel Engineering Ltda, Tractebel Engineering SA and Grouped Entrepreneurs International SA - is part of the technical services that BNDES has been providing the Angra plant's owner Eletronuclear since 2019.

New Nuclear 01 July 2021


NEA proposes new approach to back-end funding

NEA proposes new approach to back-end funding

The current approaches to assessing financial adequacy for decommissioning and radioactive waste management - which are based on the linear discounting of estimated future costs - should be complemented with a broader "circular" approach, a new OECD Nuclear Energy Agency report proposes. This approach, it says, reflects that changes of different kinds will play out between today's decisions and future funding needs.

Waste & Recycling 18 June 2021


Clean energy should be investment priority: IEA

Clean energy should be investment priority: IEA

Annual investment in clean energy in emerging and developing economies will need to increase sevenfold by 2030 if the world is to reach net-zero emissions by 2050, according to a new report from the International Energy Agency. Financing Clean Energy Transitions in Emerging and Developing Economies is a collaboration between the IEA, the World Bank and World Economic Forum.
 

Energy & Environment 10 June 2021


Barclays highlights role of nuclear in net zero

Barclays highlights role of nuclear in net zero

Nuclear energy's high load factors and reliability could make achieving net-zero affordable, according to a special report published yesterday by Barclays. Nuclear is "safer than commonly assumed", while new technology and further research could make it even cleaner, safer and cheaper, it says, "paving the way for a greater contribution to the global energy transition".

Energy & Environment 03 June 2021