French nuclear to suffer after exclusion from EU’s green investment label – EURACTIV.com
The European Parliament’s decision to exclude the nuclear energy sector from the list of investments that can benefit from the EU’s green investment label will have consequences for the sector, particularly in France. EURACTIV France reports.
Financing the energy transition is undoubtedly one of the major challenges of our century. To give itself the means to achieve its ambition, “the European Parliament recently voted in favour of a sustainable finance taxonomy project that defines a framework for activities considered environmental or green,” explained Nicolas Redon, Novethic’s green finance expert.
The main aim is to ensure capital flows are increasingly directed towards a low-carbon economy because the needs are so colossal.
On the basis of work carried out by the EU High-Level Expert Group on Sustainable Finance (HLEG), the European Court of Auditors estimated that the cost of the energy transition in Europe between 2021 and 2030 would reach more than €1 trillion per year.