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New generation European nuclear power will need investment of 500 billion euros by 2030. Existing plants will require 50 billion.

New generation European nuclear power plants will require an investment of "500 billion [euros] by 2050," said in an interview in the Journal du dimanche (JDD) dated January 9 the European Commissioner for the Internal Market, Thierry Breton , which considers “crucial” to open the green labeling to nuclear power as part of the energy transition.

"Existing nuclear power plants alone will require 50 billion euros of investment by 2030. And 500 billion by 2050 for new generation ones! », Affirms the French commissioner.

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..........

Nuclear power 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. Le Monde 9th Jan 2022

 https://www.lemonde.fr/economie/article/2022/01/09/nucleaire-nouvelle-generation-l-ue-devra-investir-500-milliards-d-ici-a-2050-estime-thierry-breton_6108727_3234.html

January 10, 2022 - Posted by | business and costs, EUROPE, politics

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