ANS Public Policy Engagement

Within the European Union, recognizing nuclear energy as green, sustainable, and worthy of investment depends on nuclear being added to the EU taxonomy of “sustainable investments that have been found to ‘do no significant harm’ to human health and to the environment.” The EU will issue a final taxonomy this year, and a decision to include nuclear power—which was excluded from a draft released in late 2020—could raise prospects for public and private nuclear investments both inside and outside the EU.

The decision rests with the European Commission (EC), which will take into consideration expert opinions, including those in a scientific report of the EC’s Joint Research Centre (JRC) that was requested last summer. The JRC's 387-page report, Technical assessment of nuclear energy with respect to the ‘do no significant harm’ criteria of Regulation (EU) 2020/852 (‘Taxonomy Regulation’), was leaked to the media and made available online on March 26. The report supports adding nuclear to the taxonomy.

Barrasso

Sen. John Barrasso (R., Wyo.), the ranking member of the Senate’s Energy and Natural Resources Committee, earlier this month introduced legislation, the Combating Global Poverty Through Energy Development Act (S. 758), which aims at removing barriers put up by international financial institutions that limit support for both fossil fuel and nuclear energy projects.

“Developing countries desperately need affordable and reliable energy,” said Barrasso. “Instead of using all available energy options, the World Bank would rather score political points by boycotting critical coal, oil and gas projects. The solution to ending energy poverty does not lie in limiting options. Our bill will encourage the World Bank to eliminate barriers to traditional energy resources, or risk losing American taxpayer funding.”

The bill is cosponsored by Sens. Cynthia Lummis (R., Wyo.), Cindy Hyde-Smith (R., Miss.), Ted Cruz (R., Texas), John Hoeven (R., N.D.), Bill Hagerty (R., Tenn.), John Cornyn (R., Texas), and Jim Inhofe (R., Okla.).

The Senate Energy and Natural Resources Committee yesterday held a hearing to examine the latest developments in the U.S. nuclear energy sector, with a focus on ways to maintain and expand the use of nuclear in the United States and abroad.

Testifying before the committee were Jeffrey Lyash, president and chief executive officer of the Tennessee Valley Authority (TVA); Chris Levesque, president and CEO of TerraPower, Scott Melbye, president of Uranium Producers of America (UPA); Amy Roma, founding member of the Atlantic Council’s Nuclear Energy and National Security Coalition and a partner with the law firm Hogan Lovells; and J. Clay Sell, CEO of X-energy.