Sizewell C Power Station: Finance

(asked on 15th March 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if he will make assessment of the potential merits of classifying nuclear energy as sustainable to help support private financing for Sizewell C.


Answered by
Andrew Bowie Portrait
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd March 2023

The Government’s investment in Sizewell C represents a major step forward to secure the UK’s energy independence, and project development continues, towards the objective of achieving a Final Investment Decision in this Parliament, subject to relevant approvals.

In the Spring Budget, my Rt. Hon. Friend Mr Chancellor of the Exchequer stated the Government’s intention to include nuclear in the UK Green Taxonomy, subject to consultation, incentivising private investment in this important technology alongside renewables. The Government will provide a further update on the taxonomy as part of its publication of the Green Finance Strategy shortly.

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