Economy

The Brief — For EU’s sake, invest in nuclear – EURACTIV.com


In the face of the ongoing energy and climate crisis, the EU is getting its act together and getting ready for a true ecological revolution. For the author of this Brief, the plan must rely on one key element: investing in nuclear power across the board.

Former French President Valéry Giscard d’Estaing had seen it coming long ago: “The majority of the French people chose nuclear independence. We do not want to be indefinitely dependent on the goodwill or whims of those who own oil and set the price as they please,” he said in… 1981.

In many regards, the energy crisis the EU is currently undergoing, sparked by Russia’s invasion of Ukraine, is not really any different from the 1973 oil crisis. Back then, the crisis encouraged another former French president, Georges Pompidou, to build 13 nuclear power plants in the late 1970s.

Ever since France has had a full-fledged nuclear strategy. The country owns up to two years’ worth of uranium to fuel up to 56 nuclear reactors.

But then came the political hesitancy that has marred nuclear development in the past few years – because the technology ran against ecological transition.

Investments in developing a specific skillset were frozen, and several reactors were shut or going through works when the war in Ukraine first hit.

Poland’s decision in September to turn to the Koreans and the Americans rather than the French to build their new nuclear capacities speaks to France’s decadence.

So, should we then just… give up?

Couldn’t we, as Europeans, develop an energy independence strategy that would resemble the post-World War II ‘Marshall’ investment plan and would openly include nuclear power, at least to a certain extent?

The Brussels’ European quarter is hardly a natural ally to such a plan, as they already dubbed nuclear the “energy of the past”.

We recognise there is a level of cognitive dissonance here: nuclear represents abundance, whereas these times of conflict call for thinking of energy sobriety as an act of resistance.

Yet investing in nuclear energy is, in fact, facing up to reality.

Let’s call out the bullshit here: It’s only too easy to go against nuclear while the EU’s top chiefs meet with crude oil- and gas-abundant monarchies in the Gulf and Central Asia, shoving human rights abuses under the rug when it’s convenient to do so.

If realpolitik can apply in the world of oil and gas contracts, why can’t we do the same with nuclear – which, by the way, doesn’t quite put human rights to the test…?

Countries like France have an existing infrastructure, and the amount of materials is infinitely smaller than fossil fuels for an equal energy release.

The French Atomic Energy Commission found that a 1,000 MW production would require 27 tonnes of enriched uranium annually through nuclear. For the same energy produced from fossil fuels, 1.5 million tons of crude oil is needed.

Facing this, for the sake of the EU and its commitment to net zero by 2050, let’s reinvest in nuclear energy, including reskilling programmes. It’s cheap in the long term, reliable, and resource-efficient.

Ursula von der Leyen’s latest Green Deal Industrial Plan, which enshrines a loosening of state aid rules for green energy projects, is an excellent first step.

With a new paradigm, the EU can have better adaptation against its weaknesses and give financial backing to proper and climate-efficient nuclear-focused projects.

This plan would fit neatly into a broader change of semantics, as the words ‘sovereignty’ and ‘European’ can, now more than ever before, fit into one same sentence with no one panicking.

Europe may not have the resources, but it has the ideas. Simon Kuper, a columnist for the Financial Timesreminded us that “on the biggest issues – the Iraq war, nuclear power, cheese – the French tend to be right ».


The Roundup 

Europe is likely to need effective sorting for mixed waste streams before they are sent to landfill or burnt for energy recovery to reach its recycling targets and reduce emissions, according to a study by Eunomia Research and Consulting, published on Thursday.

The French electricity network manager, RTE, announced on Thursday that after more than four decades of being an energy exporter, France became an electricity import country in 2022, a shift that has major consequences on the country’s energy bill.

Last week, the European Commission circulated a non-paper with EU governments to clarify the digital elements of the new Product Liability Directive (PLD), which aims to make it fit for the digital age.

The rollout of integrated pest management (IPM) has been beset with setbacks in Greece over the last decade despite some positive results, with farmers taking umbrage with ‘restrictive’ EU targets which they see as stalling progress.

The EU’s plans to slash industrial emissions could hit over three times as many pig farms and almost four times as many poultry farms as previously suggested due to the use of outdated 2016 data sets, according to a leaked Commission’s document seen by EURACTIV.

The European Commission made an unsuccessful attempt to bridge divisions over forest biomass between the Parliament and EU countries during talks held earlier this week to revise the EU’s renewable energy directive.

Members of the European Parliament voted on Wednesday to push EU countries to ratify the Council of Europe’s (CoE) Istanbul Convention in line with a European Court of Justice 2021 ruling.

The German Federal Constitutional Court declared the use of Palantir surveillance software by police in Hesse and Hamburg unconstitutional in a landmark ruling on Thursday.

Last but not least, check out our weekly round-ups, the Economy Brief and EU Politics Decoded.

Look out for…

  • Commission Vice-President Frans Timmermans meets with Danish Foreign Minister Lars Løkke Rasmussen. 
  • Vice-President Margaritis Schinas in Munich, participates in the Munich Security Conference.
  • EU Commissioner Paolo Gentiloni participates in opening ceremony of “Esperienza Europa – David Sassoli” centre.

[Edited by Zoran Radosavljevic/Alice Taylor]





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