The European Union’s sustainable finance taxonomy for green investment has opened the possibility of project developers raising private finance for new commercial nuclear power plants – something that is particularly essential for countries that do not want to use any kind of state aid, Jessica Johnson, communications and advocacy director at the Brussels-based industry group nucleareurope said.

Ms Johnson told a forum at the recent Cop27 climate conference in Egypt that the EU “had to make sure that the nuclear sector was still a sector of interest to the private markets”.