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EU Commissioner: €500 billion needed for nuclear power plants


The European Union must invest 500 billion euros between now and 2050 in new-generation nuclear power plants. This is what European Commissioner for the Internal Market and Industry Thierry Breton says in the French newspaper Journal du Dimanche. “Existing nuclear power plants alone will need 50 billion euros in investment from now until 2030. And 500 billion for the new generation!”

Source: BELGIAN

According to Breton, the controversial EU plan to designate nuclear and natural gas as green energy sources is an essential step to attract financing for this. The EU is consulting Member States on whether these power sources can really be seen as sustainable. France has taken the lead in this, but Austria and Germany, which are in the process of closing all their nuclear plants, see nothing in the plan.

At present, 26 percent of energy in the EU is generated via nuclear power plants. Breton estimates that by 2050 that share will be reduced to roughly 15 percent.

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