New generation nuclear: the EU will have to invest “500 billion by 2050” according to Thierry Breton

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New generation European nuclear power plants will require massive investment, believes the European Commissioner at the Internal Market. He considers it “crucial” to open green labeling for nuclear energy as part of the energy transition. By 6medias

Published on 08 / 01 / 2021 at 10 h 06

A project of very large scale. European nuclear power plants of new generation will require an investment of “499 billions by 2045 “, considers the European Commissioner for the Internal Market Thierry Breton, who considers” crucial “to open the green labeling to nuclear within the framework of the energy transition . “Existing nuclear power plants, on their own, will require 49 billions of euros of investments by 2022. And 500 billions by 2050 for those of new generation! “, affirms the French commissioner in an interview with Sunday Newspaper (JDD).

The 31 December, the European Commission unveiled a green labeling project for nuclear and gas power plants , which aims to facilitate the financing of installations contributing to the fight against climate change. This classification, or “taxonomy”, defines areas of investment that will benefit from green labels. However, the European objective of carbon neutrality in 2030 implied the mobilization of colossal investments: the taxonomy is designed to make it possible to obtain financing on favorable terms. An industrial revolution on a scale unpublished

For Thierry Breton, “including nuclear in the taxonomy is therefore crucial to allow the sector to attract all the capital it will need”. “The ecological transition will lead to an industrial revolution on an unprecedented scale. As well as a race for capital between the various energy sources. Renewable energies, for example, alone will have to mobilize 65 billions of euros of investments per year. to that 45 billions of annual investments to acquire additional network infrastructure “, he estimated.

>> To read also – Nuclear power plants and gas: a new “green” label unveiled by the EU Whereas 26% of the electricity produced in the EU today is of atomic origin, he estimates that “nuclear will represent at least 14% of the whole (of the energy mix) in 2045 “.

The subject is the subject of heated debates between the Twenty-Seven, ten countries – France in the lead – actively promoting nuclear power in the face of States very reluctant to use civil power, such as Germany or Austria.

The Commission has sent its text proposal, debated for months and still provisional , to the Member States on 30 December. The text sets conditions, in particular a time limit: for the construction of new atomic power stations, the projects must thus have obtained a building permit before 2030. To discover :

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