Uranium mining stocks start in 2022. As of 10:20 a.m. Monday ET, stocks:
as the guardian A British newspaper reported that the European Commission had proposed including both natural gas and nuclear energy in the “Classification of Environmentally Sustainable Economic Activities”, a move that would effectively classify nuclear power as green energy in Europe, and arguably classify the above-mentioned uranium suppliers as green energy stocks. .
Why is this designation important to investors? as Watchman He explains that the European Commission’s rating “is a rating system aimed at channeling billions.” [of euros] for clean energy projects to achieve the EU’s goal of net zero emissions by 2050.” As such, winning the “environmental sustainability” label is a way to channel government support in Europe, a factor that will almost certainly boost uranium demand for nuclear power Energy – and increase profits for uranium suppliers.
Not everyone is happy with this news. actually, Watchman The piece described the reaction of some environmental activists to the European Commission’s move as outrage at “greenwashing”, accusing the government body of trying to “understate the good mark for sustainability”. The Austrian government has threatened to sue the European Commission if it continues to classify nuclear energy as green. Germany, which is on the way to shutting down the last of its few nuclear plants, would be particularly annoyed by the move.
As such, it is not 100% certain that the reclassification of uranium proposed by the European Commission as a green energy source will succeed. then again, Watchman He points out that the move is supported by the governments of France, Hungary, the Czech Republic, and possibly other countries. All said and done, the paper estimates opponents of the reclassification lack the votes needed to block the plan.
In the end, whether Europe blesses nuclear power with a green tick can come down to this: according to French Minister for European Affairs Clement Bonn, it is impossible for the EU to reach carbon neutrality by 2050 without increasing its use of nuclear energy.
Labeling and subsidizing nuclear energy might be the best way to achieve this.
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