The EU x ACT Initiative (The European Union For a Cleaner Tomorrow) by ACTInitiative

Thank-you for advancing my proposal to the semi-finals. I understand this is a controversial approach; hence, I have sought to add more details and explanation. I've summarized all changes and additions below:

1. I've altered the allocation of the nuclear fuel tax revenue to direct more funding towards renewable energy infrastructure and the HVDC grid. A pie chart has been added for clarification.
2. I've tried to explain that the EU will not be subsidizing nuclear energy, but renewables instead. Very little funds will be invested into the bridge technology - at least on the political level.
3. On the level of the energy sector, I've tried to explain that there is no way of guaranteeing that investment will shift from fossil fuels to renewables without sufficient subsidies. The overarching objective of the EU x ACT Initiative is to supply the necessary funds to finance these subsidies. 
4. Nuclear energy companies that signal their intent to invest in renewables, alongside running and maintaining their NPPs, will face lower nuclear fuel tax rates. This will ensure that the utilization of a bridge technology doesn't obstruct investment into renewables.
5. A table summarizing the initiative's costs has been added.
6. I've also tried to explain that the completion of the European super grid doesn't mean interfere with the adoption of localized initiatives. The HVDC grid would serve to link these local projects, lowering the risks of power outage and making investment into renewables profitable. The two undertakings complement each other, rather than exclude one another.
7. Information on the miniscule losses from transmission and distribution, regarding HVDC technology, has been added.
8. I've pointed out that a grid wouldn't only include trans-border but also intra-state links, which are desperately needed - even without the initiative.
9. It is true that there has been a shift towards local solutions. Hence, I've adopted a strategy similar to the one in the the Paris Agreement: combining top-down ambition with bottom-up flexibility. The EU wouldn't hand out funds but rather award budget contribution breaks. This would allow national and local governments to retain independence. These entities alone would decide on the type of renewable energy infrastructure project and on who gets to carry it out.
10. I've noted that this initiative would be a huge job creation opportunity.

For more information on points #1, #4, #6, #7, #8 and #9, please see the "What actions do you propose?" section.

For more information on points #2, #3 and #5, please see the "costs" section.

Again, thank-you for selecting my proposal as a semi-finalist. I've enjoyed working on this idea a great deal. Thank-you for this opportunity.

Sincerely,

Alexandra