Major banks yet to match EU with nuclear green label, study says

The European Union decided last year to include nuclear power plants in its list of investments that can be labelled and marketed as green. The move aimed to guide investors towards climate-friendly technologies, but split EU countries who disagree on atomic energy's green credentials.

Of those banks, 17 had explicitly excluded nuclear energy from their green financing frameworks, while 12 had frameworks that were silent on nuclear, and one had no such framework, the researchers said. Research co-author Matt Bowen said he was surprised nuclear energy was so often excluded from banks' green finance guidelines, given its potential contribution to fighting climate change.

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Major banks yet to match EU with nuclear green label - studyNone of the world's 30 major banks have explicitly included nuclear energy in their criteria for issuing green or sustainability-linked bonds, researchers said on Thursday, despite an EU decision last year to label it as sustainable.
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