During the Nuclear Energy Summit in Paris, European Commission President Ursula von der Leyen addressed the EU's declining reliance on nuclear energy, admitting that the decision to retreat from this energy source was a "strategic mistake." Since 1990, the proportion of nuclear energy in the EU's electricity production has plummeted from one-third to merely 15%, highlighting a significant shift away from a reliable and low-emission power source. Von der Leyen's remarks come at a critical time when global energy prices are surging, exacerbated by geopolitical tensions in the Middle East.

Von der Leyen announced the establishment of a €200 million ($230 million) guarantee fund to incentivize investments in small modular reactors (SMRs), which are expected to be operational by 2030. This initiative signifies a renewed commitment to nuclear energy, as the EU seeks to regain its position in the nuclear race. She emphasized Europe's capability to lead in this sector, given its existing resources and expertise in nuclear technology.

The renewed focus on nuclear energy is particularly pressing as the EU grapples with increasing energy costs and seeks sustainable solutions. With energy security being a key concern amid fluctuating oil and gas prices, the EU's revitalization of nuclear energy could play a pivotal role in achieving energy independence and reducing reliance on fossil fuels, particularly in the wake of ongoing conflicts in regions that influence energy supplies.