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EU envisages investment of 500 billion euros in nuclear power plants

Thierry Breton, Member of the European Union (EU) Commission for Internal Market, told a French newspaper that nuclear energy is necessary to meet the EU's goal of transforming into a climate-free continent by 2050.

EU envisages investment of 500 billion euros in nuclear power plants

Thierry Breton, Member of the European Union (EU) Commission for Internal Market, told a French newspaper that nuclear energy is necessary to meet the EU's goal of transforming into a climate-free continent by 2050.

Pointing out that the electricity demand in Europe will double in the next 30 years, Breton explained that it is important to increase carbon-free electricity production.

Breton pointed out that significant investments should be made in the field of nuclear and renewable energy in order to increase the carbon-free electricity production capacity.

Expressing that nuclear plays an important role in the energy transformation and that this cannot be excluded from the EU's sustainable investment classification, Breton said, "The EU's green investment classification is designed to provide access to eligible capital." made its assessment.

Breton pointed out that 26 percent of the electricity produced in the EU is of nuclear origin.

Reminding that some aging nuclear power plants in Europe will be closed in the coming years, Breton said, "Huge investments need to be mobilized to achieve the zero emission target. 50 billion euros until 2030 for only existing nuclear power plants, 500 billion by 2050 for new generation nuclear power plants. "It will require an investment of €20 billion per year in nuclear power," he said. used the phrases.

13 EU member states use nuclear power plants to generate electricity
The EU Commission is preparing to classify new nuclear power and natural gas power plants as green investments.

In case the new classification comes into effect, nuclear power plants that are licensed before 2045 will be considered as green investments.

The definition of nuclear and natural gas investments as climate and environment friendly by the EU causes deep rifts among member states.

Some countries, environmentalists and various non-governmental organizations see the definition of nuclear and natural gas as sustainable and green in conflict with EU climate targets.

Germany, Austria, Denmark, Portugal and Spain are reacting to the definition of nuclear as a green investment by the EU.

Along with France, Hungary, Poland, Finland, Bulgaria, Croatia, Czechia, Romania, Slovakia and Slovenia want nuclear power plants to be included in the green investment classification framework.

Of the 27 EU member states, 13 use nuclear power plants to generate electricity. There are a total of 106 operable nuclear reactors in EU countries.

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