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Policy and Regulation, UK
March 17, 2023

Will nuclear’s entry into UK taxonomy spur ESG fund investment?

By Alex Janiaud

Sizewell B nuclear plant
The government’s reclassification of nuclear power has been well received by many sustainability experts. (Photo: Si Barber/Bloomberg)

The chancellor’s announcement that nuclear power will now be classified as “environmentally sustainable” could pave the way for some investment funds with an ESG focus to look again at the energy source. The UK government intends to classify nuclear energy as “sustainable” under its green taxonomy. Subject to consultation, chancellor ...

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