The European Commission plans to unveil a €240 billion scheme to boost investments in nuclear energy, positioning it as a key pillar for several EU countries in their strategies for decarbonization, industrial competitiveness, and supply security.
The European Commission is set to announce a significant investment plan amounting to €240 billion aimed at enhancing nuclear energy investments across member states. According to a leaked document, this strategy categorizes nuclear energy as a fundamental component for certain EU countries in their efforts to achieve decarbonization, competitiveness in industry, and security in energy supply. This underscores the Commission's acknowledgment of the role nuclear power could play in meeting climate goals and supporting economic stability in the region.
In this context, the Commission projects that over 90% of Europe's electricity will come from carbon-free sources by 2040, primarily sourced from renewable energies, with nuclear power serving as an essential supplement. It anticipates a rise in the installed nuclear power capacity within the EU, increasing from 98 gigawatts in 2025 to approximately 109 gigawatts by 2050. This projection marks a notable shift in energy policy, emphasizing the importance of nuclear energy as part of a diversified energy strategy that complements renewable resources.
The upcoming proposals set to be presented on March 10 include three key initiatives aimed at stimulating investments in 'clean technologies'. These include the Clean Energy Investment Strategy and the Citizens’ Energy Package, which collectively aim to foster a more sustainable energy landscape in the EU. As the bloc grapples with the challenges of energy transition and emissions reduction, this substantial funding indicates a pragmatic approach to balancing energy needs with environmental goals, reflecting a pivotal moment in Europe's energy policy.
