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
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    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.

    1. Home
    2. >Finance
    3. >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

    Add as preferred source on Google
    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 Ex-Google exec Matt Brittin named new BBC boss
    Ex-Google Exec Matt Brittin Named New BBC Boss
    Image for Barclays pulls back on asset-based lending after MFS, Tricolor collapse, Bloomberg News reports
    Barclays Pulls Back on Asset-Based Lending After Mfs, Tricolor Collapse, Bloomberg News Reports
    Image for German chemical union delays wage hikes as war worsens business outlook
    German Chemical Union Delays Wage Hikes as War Worsens Business Outlook
    Image for Germany renews push for sugar tax and energy drinks ban for children
    Germany Renews Push for Sugar Tax and Energy Drinks Ban for Children
    Image for Bank of England's Greene says she was not close to raising rates this month
    Bank of England's Greene Says She Was Not Close to Raising Rates This Month
    Image for UK review urges cap on overseas political donations and pause on crypto
    UK Review Urges Cap on Overseas Political Donations and Pause on Crypto
    Image for 5 Smart Tips to Save on Fees When You Send Money Abroad
    5 Smart Tips to Save on Fees When You Send Money Abroad
    Image for Spain's Sanchez says global citizens shouldn't pay for fallout of Iran war
    Spain's Sanchez Says Global Citizens Shouldn't Pay for Fallout of Iran War
    Image for Aer Lingus sees serious risk of US retaliation over Dublin airport cap
    Aer Lingus Sees Serious Risk of US Retaliation Over Dublin Airport Cap
    Image for Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv
    Hapag-Lloyd Faces $40-50 Million Costs Weekly Due to Iran War, CEO Tells Ntv
    Image for Endesa CEO to leave position after 12 years
    Endesa CEO to Leave Position After 12 Years
    Image for UK and Turkey sign multi-billion-pound air defence deal
    UK and Turkey Sign Multi-Billion-Pound Air Defence Deal
    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