The nuclear power disconnect in climate finance taxonomies

July 17, 2023, 7:00AMNuclear News

The European Union agreed in July 2022 to include nuclear power in its taxonomy of environmentally sustainable economic activities. Yet as Columbia University senior research scholar Matt Bowen and research assistant Kat Guanio note in commentary published July 6 by Columbia University’s Center on Global Energy Policy, that policy decision remains “a bit of an outlier.” Despite nuclear energy’s anticipated role in achieving decarbonization, many climate finance taxonomies either explicitly exclude nuclear power or are discouragingly ambiguous.