PARIS – The new generation of European nuclear power plants will require the European Union to invest “500 billion euros, between now and 2050”, according to estimates by the European Commissioner for the Internal Market, Thierry Breton.
“Only nuclear plants that are already operating need investments of 50 billion euros up to 2030. And those for the new generation of 500 billion,” Breton told France’s Sunday Journal du Dimanche, adding that the European plan to classify them as “green” energy they produce Nuclear power plants such as gas in the new energy classification constitute an essential step in attracting investment and are capable of starting an “industrial revolution of unprecedented scale”.
The European Commission’s proposal envisions “a role for natural gas and nuclear energy as a means to facilitate the transition towards an energy future based primarily on renewable sources”, and also provides for the development of measures for the management and disposal of radioactive waste.
The French European Commissioner also notes that consultations are underway with member states, given that there are many internal disagreements over the future of nuclear energy, with countries like France leading the pro front and Germany and Austria against (with a pledge before to shut down existing ones).
Breton estimates that European reliance on nuclear energy will fall from 26% currently to 15% by 2050.
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