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South Korea Nuclear Green Label

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South Korea has included nuclear power in a revised draft of its sustainable and green energy taxonomy, reversing its previous position. The environment ministry has classified research and development of technologies such as small modular reactors and accident tolerant fuels as green. Construction and operation of nuclear reactors were classified as transitional activities, which can be removed from the taxonomy in the future. The inclusion of nuclear power in the green taxonomy is not surprising as the new administration led by President Yoon Suk-yeol had pledged to revive nuclear power in the country. Seoul was also influenced by the EU's green taxonomy, which was finalized in July.

Topics:
Policy and Regulation, Low-Carbon Policy, Nuclear
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