The European Investment Bank has acknowledged that there are “high levels of sensitivity” within the organisation’s board on the topic of nuclear, but confirmed nuclear projects – including power generation, the entire nuclear fuel cycle, decommissioning and waste management – are eligible for financing. The bank has not yet published the new policy in full but a draft policy available online says achieving net-zero emissions will require a diverse portfolio of technologies including renewables, but also nuclear. In an annex on eligibility it says nuclear power generation, the entire nuclear fuel cycle, decommissioning and waste management all qualify.
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