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Nuclear: the EU will have to invest "500 billion by 2050" to achieve carbon neutrality, according to Thierry Breton

2022-01-09T08:45:02.885Z


The European Commissioner for the Internal Market insists that the atom be recognized as "green" in the European energy labeling


The price of the atom.

Planned to allow the old continent to respect carbon neutrality and thus reduce its participation in global warming, new generation European nuclear power plants will require "500 billion" of investment "by 2050", according to Thierry Breton.

In an interview given to the French weekly Le Journal du dimanche (JDD), the European Commissioner for the Internal Market gives an estimate of the cost of this aspect of the European energy transition and insists that the atom be recognized as "green" in the future European energy labeling.

“Existing nuclear power plants alone will require 50 billion euros of investment by 2030. And 500 billion by 2050 for new generation ones!

", He affirms, deeming" crucial "to give a green label to this type of energy, a position strongly defended by France, which has the largest nuclear park in Europe.

The green label, investment magnet

On December 31, 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 which will benefit from green labels, within the framework of the European energy transition and will make it possible to obtain financing on favorable terms.

For Thierry Breton, "including nuclear in the taxonomy is crucial to allow the sector to attract all the capital it will need", the objective of European neutrality of carbon neutrality in 2050 involving colossal funding.

“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 ”, he illustrates.

Read also Ten European countries, including France, launch a plea in favor of nuclear power

“Renewable energies alone, for example, will have to mobilize 65 billion euros in investments per year.

And it will be necessary to add to this 45 billion annual investments to acquire additional network infrastructures, ”he estimated.

Pro and anti-nuclear

While 26% of the electricity produced in the EU today is of atomic origin, he estimates that "nuclear will represent at least 15% of the whole (of the energy mix) in 2050".

The subject is the subject of heated debates between the Twenty-Seven, a dozen countries - France in the lead - actively promoting nuclear power in the face of States very reluctant to the civilian atom, such as Germany or Austria. .

The Commission sent its draft text, debated for months and still provisional, to the Member States on December 31.

The text sets conditions, in particular a time limit: for the construction of new nuclear power plants, projects must have obtained a building permit before 2045.

Source: leparis

All business articles on 2022-01-09

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