The new generation of nuclear energy: the EU will have to invest “500 billion by 2050”, estimates Thierry Breton

The new generation of nuclear power plants in Europe will require investment “500 billion [d’euros] by 2050″, estimated in an interview with Sunday newspaper (JDD) on January 9, the European Commissioner for the Internal Market, Thierry Breton, who governs ” Important “ Open green labeling of nuclear power as part of the energy transition.

“Current nuclear power plants alone will require 50 billion euros of investment by 2030. And 500 billion by 2050 for new generation plants!”As the French commissioner says.

On December 31, the European Commission unveiled the Green Labeling Project for Nuclear and Gas Power Plants, which aims to facilitate the financing of facilities that contribute to the fight against climate change.

This classification, or “Category”, identifies areas of investment that will benefit from green labels. However, the European target for carbon neutrality in 2050 involves the mobilization of huge investments: the classification is designed to allow access to financing on favorable terms.

Allowing the sector to attract capital

For Thierry Britton, “So the inclusion of nuclear energy in the rating is critical to allow the sector to attract all the capital it will need.”.

Environmental transformation will lead to an industrial revolution on an unprecedented scale. As well as a race for capital between different energy sources Renewable energies alone will have to mobilize 65 billion euros of investments annually, for example. It will be necessary to add 45 billion in annual investments to obtain additional network infrastructures.”, Saucepan.

While 26% of the electricity produced in the European Union today is of atomic origin, it is estimated that “Nuclear will represents at least 15 % of all [du mix énergétique] in 2050 ».

The topic is the subject of heated debates among twenty-seven countries — France in the lead — actively promoting nuclear power in the face of nations reluctant to use civilian atoms, such as Germany or Austria.

The commission sent its draft text, which has been debated for months and is still provisional, to member states on December 31. The text sets out the conditions, in particular the time limit: for the construction of new nuclear power plants, projects must have received a building permit before 2045.

The world with AFP

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