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Poland wants the European Union to push for more investment in nuclear energy

Poland eyes boost for nuclear energy in EU power market reform, Nasdaq February 06, 2023 — by Kate Abnett for Reuters

Poland has urged the European Union to use upcoming reforms to Europe’s electricity market to do more to support investments in nuclear energy, according to a document seen by Reuters.

The European Union is set to propose a power market upgrade next month, to attempt to avoid a repeat of last year when cuts to Russian gas supply sent European power prices soaring, since gas plants often set overall electricity prices in the current EU system.

“We must ensure a positive regulatory environment for investing in all zero- and low emission technologies. This is especially important for nuclear power projects,” Poland said in a paper shared with EU policymakers, adding that nuclear projects typically require high upfront investments.

The call from Warsaw comes as countries are squaring off over the role for nuclear energy in other EU policies. Negotiations this week on new EU renewable energy targets were cancelled amid a disagreement over whether to expand the targets to include hydrogen produced with nuclear power. https://www.nasdaq.com/articles/poland-eyes-boost-for-nuclear-energy-in-eu-power-market-reform

February 6, 2023 - Posted by Christina Macpherson | EUROPE, politics