Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: The US vetoed a UNSC resolution calling for a ceasefire in Gaza, arguing it does not condemn Hamas nor grant "Israel" the right to “self-defense.”
Israeli occupation forces issue a new bombing threat against civilian buildings in the Southern Lebanese towns of Borj Qalaouiye and Chehabiyeh.
Sources to Al Mayadeen: Extending the snapback mechanism deadline will test how independent Europeans truly are from the US.
Sources to Al Mayadeen: Activating the snapback mechanism will nullify the Cairo Agreement, shut the door on cooperation between the IAEA and Tehran, and bar inspections.
Sources to Al Mayadeen: The diplomatic window remains open, but signs of activating the snapback sanctions mechanism on Iran are increasing.
Sources to Al Mayadeen: Although the Cairo Agreement meets an important part of European demands, they have begun speaking of new conditions in recent communications.
Sources to Al Mayadeen: European countries show no independence in their stance toward Iran during the talks.
Israeli occupation forces issued bombing threats to bomb civilian buildings in Southern Lebanon.
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.

EU nuclear plants need €500 bn investment by 2050: commissioner

  • By Al Mayadeen Net
  • Source: Agencies
  • 10 Jan 2022 22:56
2 Min Read

As an energy crisis ravages Europe, the EU eyes nuclear energy, which the bloc is discussing labeling as "green" to attract capital.

  • x
  • EU Commissioner for Internal Market Thierry Breton
    EU Commissioner for Internal Market Thierry Breton

The European Union will need to invest some €500 billion ($568 billion) in new generation nuclear power stations until 2050, the bloc's internal market commissioner Thierry Breton told the Journal du Dimanche newspaper in an interview published on 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!" he revealed.

Breton asserted that the EU labeling 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 the proposal; however, it is seeing some disagreement on whether the power sources are truly sustainable and green as the block is trying to label them.

France, whose main energy supply is nuclear, is pushing for nuclear power, but Austria is staunchly opposing the move, and Germany is skeptical about it as it is in the midst of shutting all its nuclear plants.

Related News

Araghchi calls for diplomacy after Iran submits nuclear proposal

Trump shrugs off European moves on Gaza, stands by Netanyahu: Politico

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 energy constitutes 26% of the bloc's energy. Breton estimates that it would be reduced to around 15% by 2050.

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

The proposal calls for the building of new nuclear power plants to be conditioned on permits given out prior to 2045, while work to extend the functioning of existing power plants would need authorization before 2040.

The proposal came as Europe is going through an energy crisis exacerbated by the COVID-19 pandemic, and energy prices all over Europe are sky-high.

Western countries accuse Russia of restricting gas deliveries in order to put pressure on Europe despite Russia saying it is prepared to raise the required production volume of gas to meet European demand.

  • Europe
  • Russia
  • Germany
  • France
  • Austria
  • Nord Stream 2
  • European Commission
  • European Union

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

12 Israeli soldiers killed, wounded in Resistance operation in Gaza

  • Politics
  • 18 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS