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France to host pro-nuclear meet to push for EU recognition of climate benefits
Global Banking & Finance Review®
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By Kate Abnett and America Hernandez
BRUSSELS (Reuters) -France will host a meeting of ministers from 16 pro-nuclear European states on Tuesday aimed at coordinating expansion of atomic power and urging the EU to recognise its role in meeting climate goals for 2050, the country’s energy ministry said.
The meeting in Paris will include EU Energy Commissioner Kadri Simson and representatives from 14 EU countries including France, Belgium and the Netherlands, plus Italy as an observer and the United Kingdom as a non-EU invitee.
A French ministry official said UK participation would be valuable because the country is building two reactors and could share information on economies of scale.
Each country will provide an update on its nuclear projects. “We will be able to …. see what types of synergies and coordination can be put in place on issues like financing, job training and recruitment to relaunch the nuclear sector in Europe,” the official said.
Yves Desbazeille, director of EU lobby group Nucleareurope, will also give a presentation, including figures on potential job creation and investment.
A draft of the post-meeting statement seen by Reuters said the countries would encourage the commissioner to integrate nuclear energy into the EU’s energy policy by recognising nuclear alongside other green energy technologies in EU decarbonisation goals.
The talks will cover the EU Net Zero Industry Act, the Hydrogen Bank, definitions of low-carbon hydrogen and hydrogen import strategies among other topics, the French official said.
The draft document also calls for the publication of an EU communication on small modular reactors.
The statement, which could still change before it is adopted on Tuesday, said participants planned to boost EU nuclear capacity to 150 gigawatts by 2050 from 100GW today by building 30 to 45 new reactors, both small- and large-scale.
Strengthening the supply chain and reducing dependence on Russia is also listed as a goal for coordination.
A European Commission official said Simson’s presence was “a signal of active attention to a growing industry and a key technology for net zero, but without departing from our limited role and neutral stance”, as any signed declaration would be among national representatives only.
Nuclear energy jumped up the EU’s energy policy agenda this year when countries splintered into pro- and anti- nuclear alliances amid a dispute over whether to count the energy source towards EU renewable energy targets.
After a last-minute compromise was thrashed out on that law, France and other pro-nuclear states are now seeking to improve the status of nuclear energy more broadly and boost cooperation between countries that use the technology.
Nuclear energy can produce baseload CO2-free electricity in large quantities, and European countries including Poland are planning their first reactors to help phase out fossil fuels.
Some land-locked states, such as the Czech Republic, see nuclear as a key green energy source especially because they, unlike coastal states, cannot build large offshore wind farms.
EU opponents of nuclear energy – among them Germany, which switched off its last reactors last month, Luxembourg and Austria – cite concerns including waste disposal and maintenance issues that have plagued the French fleet in recent years.
Austria and Luxembourg are taking the EU to court over its decision to officially label nuclear investments as “green”.
(Reporting by Kate Abnett in Brussels and America Hernandez in Paris; Editing by Jan Harvey and Cynthia Osterman)
Nuclear energy is the energy released during nuclear fission or fusion, particularly in power plants, used to generate electricity without carbon emissions.
Job creation refers to the process of generating new employment opportunities, often as a result of economic growth or new business ventures.
Renewable energy is energy derived from natural sources that are replenished at a faster rate than they are consumed, such as solar, wind, and hydroelectric power.
Investment is the act of allocating resources, usually money, in order to generate income or profit over time.
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