While the world is working to transition away from Russian oil, the European Union (EU) just took an interesting step by voting for a policy proposed by the European Commission. Known as taxonomy, it decrees that some gas and nuclear projects can be considered green. This grants them access to more affordable loans and state subsidiary programs.
As the New York Times reports, “The policy, known as the ‘taxonomy,’ is meant to stop ‘greenwashing,’ the pervasive practice of mislabeling energy projects as environmentally friendly.” It would also give the EU more room to replace the energy sources it received from Russia prior to the latter’s invasion of Ukraine.
The outlet also notes the passing of taxonomy could easily become a global benchmark. It is true that if it proves successful, other countries are likely to follow this example. But even the most recent development with the EU is likely to prove a positive catalyst for nuclear energy stocks across the globe.
That means the time to start watching this sector is now. Let’s take a look at the nuclear energy stocks most likely to benefit from this decision.
The post 3 Nuclear Energy Stocks To Buy After Historic EU Vote appeared at Dynamic Wealth Report.