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There is also a K-Taxonomy in Korea. It was finally released at the end of 2021
as a guideline regulating which economic activities are environmentally friendly
and contribute to carbon neutrality. It is expected to play a role as an investment
standard for green finance, which invests in industries that produce goods and
services that improve the environment. A total of 69 economic activities were
included in the K-taxonomy. Of these, 64 were in the "green sector" and 5 were in
the "conversion sector".
Then why does the EU classify uncleared power and natural gas as green energy?
While renewable energy sources play a key role in our energy transition, we also
need other emission-free energy sources to meet our needs at a sufficient and
constant level. Nuclear power is necessary. It already accounts for about half
of the European Union's carbon-free electricity production. Nuclear power is an
important source of affordable, stable, and independent energy. Additionally, it
can prevent European consumers from being exposed to the volatility of prices,
as we currently face with gas prices. It can also contribute decisively to the
independence of our energy and electricity supplies. It is an available carbon-free
energy source that can deliver a large amount of competitive electricity without
increasing our dependence on third countries’ energy supply. And nuclear power
also has the advantages of low CO2 emissions, much easier fuel stockpiling in
case of a national emergency.
In the case of natural gas, Germany refused to classify nuclear power as green
energy and France agreed to it. Germany wanted to classify natural gas as green
energy. As above, therefore, as Germany compromised with France to include
natural gas in its taxonomy, the final draft was finalized by an executive action. In
addition, natural gas, like nuclear power, has the advantage of low CO2 emissions
and abundant reserves.
Nuclear power was included in the European Union’s eco-friendly investment
standard, Taxonomy, on the 6th, but that does not mean that all nuclear activities
are recognized as green technology. First, accident-tolerant fuel (ATF) that lowers
the probability of accidents should be applied to existing nuclear power plants
and new third-generation nuclear power plants by 2025. In addition, all nuclear
power plants must have waste management facilities that can be operated for the
disposal of medium and low-level waste, as well as come up with specific plans to
prepare a disposal site for high-level waste by 2050. Experts may believe that the
EU included nuclear power in the green classification system, but it may also be
said that it has actually added regulations to the nuclear industry.

Jang Na-young
(English-Spanish dept. 2nd grad)
nawoojang01@gmail.com