EU & Nuclear Investment

Posted: 10th January 2022

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend.”Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. And new generation ones will need 500 billion!”Thierry Breton told the Journal du Dimanche newspaper. Breton also argued that an EU plan to label energy from nuclear power and natural gas as “green” sources for investment was a vital step towards attracting that capital. The EU is consulting its member states on that proposal, with internal disagreement on whether the power sources truly qualify as sustainable options. France 24 9th Jan 2022  https://www.france24.com/en/live-news/20220109-europe-nuclear-plants-need-500-bn-euro-investment-by-2050-eu-commissioner City AM 9th Jan 2022  https://www.cityam.com/eus-nuclear-power-plans-needs-e500bn-investment-says-market-commissioner/ EU: Nuclear energy will require ‘€20 billion per year’ until 2050.Nuclear power will play a “fundamental role” in meeting Europe’s energy demands, said EU Internal Market Commissioner Thierry Breton to Frenchnewspaper Journal du Dimanche. Deutsche Welle 9th Jan 2022  https://www.dw.com/en/eu-nuclear-energy-will-require-20-billion-per-year-until-2050/a-60371406