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UK Labels Nuclear Power ‘Green’ to Attract Climate-Friendly Capital

Sizewell B nuclear power station.

Sizewell B nuclear power station.

Photographer: Chris Radburn/AFP/Getty Images

Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.

The technology will be included in the nation’s green investing rulebook after a period of consultation, according to Chancellor Jeremy Hunt. The move echoes a European Union decision last July to tag nuclear and natural gas as green technologies needed for the energy transition.