Brussels defends an investment from half a billion to 2050 in new nuclear as a transition to a decarbonized energy

The transition to a decarbonized energy in the European Union has to include a part of nuclear energy so that the objectives can be met and that implies an inve

Brussels defends an investment from half a billion to 2050 in new nuclear as a transition to a decarbonized energy

The transition to a decarbonized energy in the European Union has to include a part of nuclear energy so that the objectives can be met and that implies an investment from half a billion euros in new atomic reactors by 2050, according to the European Commissioner of the Market Interior, Thierry Breton.

That means dedicating some 20,000 million euros per year for the new generation reactors, which will be added to the necessary 50,000 million by 2030 to be able to maintain current nuclear power plants, explains the French commissioner in an interview published this Sunday by Le Journal du Dimanche.

Breton defends with that argument the controversial proposal of the Community executive to integrate the nuclear in his taxonomy of the so-called "green" energies, which is a way of favoring the arrival of capital for that kind of projects in favorable conditions.

In line with the position of French President, Emmanuel Macron, who has announced his intention to launch the construction of new reactors to renew the current park generated by 70% of the country's electricity, the Commissioner recognizes that he has always supported inclusion of the nuclear in that taxonomy. The reason is that in his opinion the nuclear "is one of the vectors of the energy transition and that is why it could not be excluded from taxonomy."

He adds that at present in the whole of the European Union nuclear energy provides 26% of electricity production and that with the transition it is estimated that it will need to duplicate electricity generation over the next 30 years.

Taking into account the process of transition in progress and the situation of the current nuclear power plant, it says that experts estimate that the weight of nuclear energy would be less than 15% by 2050.

But since the needs in electricity will increase, Breton insists that the production of nuclear energy will have to be increased, especially considering that some of the oldest centrals will have to close in recent years.

That is why it insists that "including nuclear in taxonomy is crucial to allow the sector to attract all the capitals you will need" since it foresees "a career" to capture investments by the various energy sources.

In this regard, it points out that 65,000 million euros per year will be needed for renewable energies and this will have to be added 45,000 million euros per year to equip itself with network infrastructures.

France has been one of the countries that has most been pressed to integrate the nuclear in the European Taxonomy of green energies, something that is opposed by Germany, Austria or Spain, among others.

Breton recalls that States are sovereign when choosing what energy they resort and "collective responsibility" is to focus on the means that must be deployed throughout the EU to achieve the goal of zero carbon dioxide net emissions for 2050.

An objective for the one who coveracy - nuclear energy has "a fundamental role" to achieve carbon neutrality for the mid-century.

Updated Date: 09 January 2022, 07:21

You need to login to comment.

Please register or login.

RELATED NEWS