Sunday, January 9, 2022

Nuclear power plants are needed

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 French newspaper Journal du Dimanche.

The EU commissioner for the internal market, Thierry Breton, said the bloc will need to invest €500 billion ($586 billion) in new nuclear energy facilities by 2050, according to an interview published by the French newspaper Journal du Dimanche on Sunday.

"Existing nuclear plants alone will need €50 billion of investment from now until 2030. And new generation ones will need 500 billion!" he said in the interview. "This effort represents around €20 billion a year."

His comments come as the EU considers labeling nuclear energy a "green" alternative to fossil fuels. The proposal, led by France, has triggered resistance in several other member states, including Austria and Germany.

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