Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > New EU renewable energy target faces nuclear roadblock
    Finance

    New EU renewable energy target faces nuclear roadblock

    Published by Global Banking & Finance Review®

    Posted on December 16, 2024

    2 min read

    Last updated: January 27, 2026

    This image depicts the EU energy commissioner addressing the nuclear energy debate amidst plans for a new renewable energy target, highlighting the tensions among member states regarding nuclear power's role in achieving a fossil-free future.
    EU renewable energy target faces nuclear opposition from member states - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    The EU's renewable energy target faces opposition from pro-nuclear countries, sparking debate over nuclear's role in low-carbon energy.

    EU's Renewable Energy Target Meets Nuclear Opposition

    By Kate Abnett

    BRUSSELS (Reuters) - European Union plans for a new renewable energy goal hit early resistance on Monday from pro-nuclear governments, who indicated they would not back a goal that excludes atomic energy.

    The EU's 27 member countries have opposing views on nuclear power, and political disputes over the energy source have delayed recent EU measures to address high energy prices and drive Europe's transition to low-carbon energy sources.

    While nuclear power stations do not emit carbon dioxide, they generate toxic waste that some campaigners say means atomic energy should not be classed as green.

    Plans to set an EU renewable energy target for 2040 have stirred tensions again, after the European Commission this month made the goal a surprise addition to the brief of new EU energy commissioner Dan Jorgensen.

    French energy minister Agnes Pannier-Runacher said ministers had expressed concern to Jorgensen that the target excluded nuclear energy, at a meeting in Brussels of 15 EU countries, 12 of them part of a pro-nuclear alliance.

    "Is it more important to have a specific target for renewables ... where you can tamper with statistics, for example, by closing down nuclear power plants? Or is the main target fossil-free and clean energy production in Europe?" said Sweden's energy minister Ebba Busch, who also attended the pro-nuclear meeting on Monday.

    A senior official from one EU country said governments with enough votes to block the EU from passing the target had indicated they wouldn't back a goal that excludes nuclear.

    "I think there's enough, in terms of a blocking minority," the official said.

    EU energy commissioner Dan Jorgensen said he would ensure his work included a focus on nuclear.

    "It can and shall go hand in hand with renewable (energy)," he told a meeting of EU ministers.

    Countries including Austria and Germany have opposed nuclear's inclusion in previous EU renewable energy goals, raising concerns about nuclear safety and emphasising the lower costs of wind and solar power.

    Austria is firmly opposed to the technology, while Germany phased out its nuclear reactors.

    Meanwhile, France, which gets most of its power from nuclear reactors, and eastern European countries planning to expand their reactors, are strong proponents of low-carbon atomic energy as a way to cut emissions.

    (Reporting by Kate Abnett; Editing by Mark Potter)

    Key Takeaways

    • •EU's renewable energy target excludes nuclear, causing disputes.
    • •Pro-nuclear countries may block the proposed energy goal.
    • •Nuclear power is seen as low-carbon but produces toxic waste.
    • •France and Eastern Europe support nuclear for emission cuts.
    • •Austria and Germany oppose nuclear due to safety concerns.

    Frequently Asked Questions about New EU renewable energy target faces nuclear roadblock

    1What is the main topic?

    The main topic is the EU's new renewable energy target and the opposition it faces from pro-nuclear countries.

    2Why is nuclear energy controversial?

    Nuclear energy is controversial due to its toxic waste, despite being low-carbon, leading to differing opinions on its classification as green.

    3Which countries support nuclear energy?

    Countries like France and those in Eastern Europe support nuclear energy as a means to cut emissions.

    More from Finance

    Explore more articles in the Finance category

    Image for US wants Russia, Ukraine to end war by summer, Zelenskiy says
    US wants Russia, Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    View All Finance Posts
    Previous Finance PostLockheed forms subsidiary to help defense companies adopt AI
    Next Finance PostECB's Lagarde flags more rate cuts if inflation continues to ease