EU Proposes To Classify Nuclear Energy As ‘Green’ EU regulators are planning to recognize nuclear power in a new light. Moreover, regulators will now define nuclear as a “green” activity. Why is this happening? Governments seek to meet net zero emission targets which are becoming increasingly impossible to achieve without redefining the parameters of what a green investment is.
Moreover, this new European Union (EU) proposal which will treat new nuclear power and natural gas investments as “green” is causing considerable controversy over the taxonomy of sustainable energy
The EU’s “taxonomy for sustainable finance” aids investors in identifying green investments.
Natural gas and nuclear power are poised to win this label, with permits for nuclear power plants granted until 2045 set to be recognized as green under this new system.
Lastly, the EU has a stated goal of cutting its CO2 emission to net zero by 2050
Furthermore, from an investment standpoint, a clear conclusion to make is that Uranium-related stocks will potentially rally. Moreover during 2022 and beyond in response to this new change in regulations.
