Nuclear Power: Taxation

Treasury written question – answered am ar 16 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Ravensdale Lord Ravensdale Crossbench

To ask His Majesty's Government, further to the remarks by the Chancellor of the Exchequer in the Budget Statement on 15 March 2023 that "subject to consultation, nuclear power will be classed as environmentally sustainable in our green taxonomy" (HC Deb col 841), when they will publish the associated consultation.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton The Parliamentary Secretary, HM Treasury

The Government reiterated its commitment in the 2023 Green Finance Strategy to delivering a UK Green Taxonomy and remains committed to implementing a UK Green Taxonomy, an important tool to increase transparency into the market to mobilise private investment into green activities and to tackle greenwashing.

Developing a usable and useful taxonomy is a complex and technical exercise. The government continues to work at pace and expects to publish in due course.

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