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The European Commission’s in-house scientific body, the Joint Research Centre, released its much-awaited report on nuclear power on Friday 2 April, just before the Easter break.
Its conclusions were clear: nuclear power is a safe, low-carbon energy source comparable to wind and hydropower, and as such, it qualifies for a green investment label under the EU’s green finance taxonomy.
All clear for a nuclear renaissance in Europe, then? No. First, the fundamental issues with nuclear remain. Europe’s ageing fleet of nuclear plants needs to be replaced, but with renewables now clearly winning the race for the cheapest kilowatt-hour on the market, governments are reasonably turning to wind and solar as a more affordable source of low-carbon electricity.