Together with Eastern European leaders, French President Emmanuel Macron co-signed a letter calling on the European Commission to include nuclear energy in its Green taxonomy. The letter was written on March 19th and was public after a European Council summit held on March 25th. The European taxonomy establishes an extensive list of “sustainable” activities which will help achieve the carbon neutrality target by 2050 and will benefit from targeted investments. In the framework of that classification, nuclear energy currently finds itself under the “does not harm” label, which doesn’t make it eligible for investments with lower tax rates. Stakes of including nuclear power into the taxonomy are quite high for France. The country will soon have to renew its nuclear fleet, as its reactors are reaching their lifetime limits. Capital costs of the new plants – the major components of nuclear LCOE – would be significantly reduced if nuclear […]