Happy #Nuclear New Year!⚛️🥳 60-page #EU Taxonomy plan that includes Nuclear as qualifying for low-cost #CleanEnergy project financing 💰🌞 is available for download at this link:
👉 app.box.com/s/f7rgsninwhkf…
Fabulous news for #Uranium sector investors.🤠🐂
Main points 🧵 .../2
2) Covers construction and safe operation of new #Nuclear power plants for basically any function that helps to reduce CO2 emissions - generating electricity, industrial heat, district heating, producing hydrogen - as long as construction permit is issued by 2045 🌞🏗️⚛️ .../3
3) Existing EU #Nuclear fleet is also covered in the providing of low-cost financing for upgrades and modifications that will extend reactor operating life to maintain their contribution to climate mitigation, if authorized by 2040.🌞⚛️
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4) The low-cost financing for research and development, demonstration and deployment of new Advanced #Nuclear reactors for innovative electricity generation, ie. #SMR's, is also being provided in the #EU Taxonomy.👨🔬⚛️
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5) In terms of #Nuclear project compliance, they must meet CO2 emissions targets, safe management of waste & natural hazards safety that is in keeping with state-of-the-art technology and practises in use by #EU today, ie. must be Gen III+ or better reactor technology.🦺⚛️🌞.../6
6) #EU Taxonomy plan must still make its way through a series of legal processes, with first being an approval in mid-January which is expected to get required support from member states, then on to EU Parliament. If all goes as expected, shall apply from 1 January 2023.🌞⚛️🤠🐂
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