• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    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 © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and 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.

    Top Stories

    Posted By Uma Rajagopal

    Posted on December 17, 2024

    Featured image for article about Top Stories

    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 governments and 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 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.

    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 held firm. Renewables and nuclear will both play a role in Europe’s energy policy, but they should not be mixed into one target, Jorgensen said.

    “I don’t think that would be a wise way to do it, I think we need to maintain the definitions that we already have in our renewable target,” he told a news conference.

    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)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

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

    Subscribe