Poland’s small reactors could be getting funds from the US: Several US financing institutions could provide up to USD 4 bn for a project by Poland’s Orlen Synthos Green Energy to deploy small modular reactors (SMR) in the country, Reuters reports. The project — undertaken by Poland’s leading refiner PKN Orlen and chemicals firm Synthos — is part of a plan to deploy SMRs by 2030 to support the country’s transition to nuclear power to slash carbon emissions and gradually phase out coal.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Germany shut down the last three of its nuclear power plants on Saturday, retiring the energy source after six decades of operations. (Bloomberg)
  • Europe's largest nuclear reactor, Olkiluoto 3 (OL3), has begun generating power in Finland after a 14-year delay from its original plan. (Reuters)
  • The UK has eliminated its senior climate diplomat post — the special representative for climate change — after Nick Bridge stood down, and it was decided that he will not be replaced. The post was initially set up to further the UK’s climate goals internationally. (The Guardian)
  • The Hong Kong stock exchange has launched a three-month consultation to support its plan to make the disclosure of climate-related information mandatory for companies listed on the exchange. (Reuters)
  • French banking group Crédit Mutuel will halt funding to oil and gas producers without concrete plans for y-o-y output cuts starting July 2024. (Reuters)
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