December 10, 2021

10 EU countries call on Brussels to label nuclear energy as green source


With the eyes of the world watching, French President Emmanuel Macron led an effort, joined by nine other European nations, to call on the European Commission to recognise nuclear power as a low-carbon energy source that should be part of the bloc's decades long transition to climate neutrality.

Making the case for nuclear energy as a "key, affordable, stable and independent energy sources" the writers argue that nuclear energy could protect EU consumers from being "exposed to the volatility of prices."

Nuclear energy accounts for over a quarter of the electricity produced in the European Union, and over 74% for France, which initiated the letter that was signed by Bulgaria, Croatia, Czech Republic, Finland, Hungary, Poland, Slovakia, Slovenia and Romania.

Over 90% of the EU's natural gas come from foreign importers, with Russia as the main producer. This great dependency has been credited as one of the main factors behind the rise in energy prices as well as supply insecurity.

"Supply tensions will be more and more frequent and we have no choice but to diversify our supply. We should pay attention not to increase our dependency on energy imports from outside Europe."

The signatories urge the Commission to include nuclear energy inside the EU green taxonomy, a technical guidebook that helps governments and investors to identify which projects respect the Paris Agreement and which ones are in breach of its climate goals.

Read more in Euro News' Led by France, 10 EU countries call on Brussels to label nuclear energy as green source, published December 10, 2021.

October 12, 2021

France will spend 30 billion Euros to build small nuclear reactors


French President Emmanuel Macron announced that France will "pour 30 billion euros, or $34.6 billion, over the next five years into nuclear reactors, semiconductor plants and other strategic investments aimed at revitalizing and decarbonizing the nation’s industry," according to Liz Alderman in France to invest in small nuclear reactors and green energy project, printed in the New York Times. The investment is intended to position France as a global leader in advanced nuclear and green hydrogen production, while also serving to stimulate the economy in the wake of the Covid-19 pandemic.

France already has a cleaner electric grid than nearly any other major nation, with 70 percent of its electricity generated by clean nuclear and another 20 percent coming from an assortment of other clean energy sources. Yet Macron recognizes the value of investing in the technologies needed to more fully decarbonize the entire world as a way to renew French industry, while pushing to decarbonize the rest of the French economy.

France has few natural resources for powering itself and chose back in the 70s and 80s to take smart steps to protect itself from the geopolitical vagarities of fossil fuels, choosing to build both nuclear power plants as well as a world-class nuclear power industry. This announcement follows in those wise footsteps, as France seeks to improve its economic competitiveness, its claim on critical new technologies and help lead the world in the fight against climate change. In this regard, France is head and shoulders above the U.S. and virtually every other country in terms of its embrace of science and technology, free from ideology.

Read more in the New York Time's France to invest in small nuclear reactors and green energy project, by Liz Alderman, published October 12, 2021.

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