Nuclear Power: Government Securities

Treasury written question – answered on 14th September 2022.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, with reference to the statement in the Green Finance Framework published on 30 June 2021 that the Government will not finance any nuclear energy-related expenditures under that Framework, when he next plans to review that Framework; and if he will make an assessment of the potential impact of including nuclear energy in the scope of a revised Framework on (a) progress towards achieving Net Zero and (b) energy security.

Photo of Andrew Griffith Andrew Griffith The Financial Secretary to the Treasury

As set out in the Green Financing Framework, the government recognises that nuclear is, and will continue to be, a key part of the UK’s low-carbon energy mix alongside solar and wind generation and carbon capture and storage. All these technologies are important in tackling climate change and diversifying the UK’s supply, contributing to the UK’s energy security and sustainable growth.

HM Treasury will review the Framework on a regular basis. It may be amended from time to time to take account of any changes that HM Treasury considers appropriate.

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