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BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

500 billion euro investment for Europe nuclear plants

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 Jan 2022 08:57
2 Min Read

The European Union will need to invest billions in new generation nuclear power plants by 2050.

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  • Europe nuclear plants 'need 500 billion euro investment'
    Nuclear power provides 26% of the EU's energy.

By 2050, the European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power plants, according to the bloc's internal market commissioner in an interview published over 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 the EU's plan to label nuclear energy and natural gas as "green" sources of investment was a critical step toward attracting that capital.

The EU is consulting its member states on that proposal, and there is internal disagreement about whether the power sources are truly sustainable.

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Despite strong opposition from Austria and skepticism from Germany, which is in the process of shutting down all of its nuclear plants, France has led the charge for nuclear power to be included.

The proposal says the EU Commission "considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future."

Currently, nuclear power provides 26% of the EU's energy, but Breton estimates that by 2050, this figure will be reduced to around 15%.

The proposal also states that appropriate measures for radioactive waste management and disposal should be put in place for nuclear power.

It also calls for the construction of new nuclear power plants to be contingent on permits being issued before 2045, while working to extend the operational life of existing plants to be authorized before 2040.

  • European Union
  • Nuclear Power

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