Nuclear Power: Taxation

Treasury written question – answered at on 22 April 2024.

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Photo of Giles Watling Giles Watling Conservative, Clacton

To ask the Chancellor of the Exchequer, whether he plans to include nuclear (a) power generation and (b) fuel manufacture as sustainable activities within the UK Green Taxonomy.

Photo of Bim Afolami Bim Afolami The Economic Secretary to the Treasury

The Government has stated its intention to include nuclear in the UK Green Taxonomy, subject to consultation. This will incentivise private investment in this important technology alongside renewables and other sectors that are key to reaching our Net Zero goal. The Government expects to publish the consultation on the UK Green Taxonomy shortly.

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