The Fort Worth Press - Nuclear's EU comeback on show at Brussels summit

USD -
AED 3.672991
AFN 65.000219
ALL 81.750787
AMD 378.259749
ANG 1.79008
AOA 917.000322
ARS 1447.487701
AUD 1.43303
AWG 1.8025
AZN 1.700263
BAM 1.65515
BBD 2.013067
BDT 122.134821
BGN 1.67937
BHD 0.376994
BIF 2949.955359
BMD 1
BND 1.271532
BOB 6.906503
BRL 5.2577
BSD 0.999467
BTN 90.452257
BWP 13.162215
BYN 2.854157
BYR 19600
BZD 2.010138
CAD 1.367585
CDF 2199.999709
CHF 0.77668
CLF 0.021767
CLP 859.060427
CNY 6.938202
CNH 6.94274
COP 3628.74
CRC 495.478914
CUC 1
CUP 26.5
CVE 93.31088
CZK 20.665802
DJF 177.720242
DKK 6.328975
DOP 62.700992
DZD 129.732318
EGP 46.901199
ERN 15
ETB 154.846992
EUR 0.84762
FJD 2.2071
FKP 0.729917
GBP 0.732865
GEL 2.694999
GGP 0.729917
GHS 10.974578
GIP 0.729917
GMD 72.999744
GNF 8771.298855
GTQ 7.666172
GYD 209.107681
HKD 7.81225
HNL 26.40652
HRK 6.386302
HTG 131.004367
HUF 321.868003
IDR 16794.85
ILS 3.094805
IMP 0.729917
INR 90.44665
IQD 1309.366643
IRR 42125.000158
ISK 122.73999
JEP 0.729917
JMD 156.730659
JOD 0.709013
JPY 156.675501
KES 128.949686
KGS 87.450254
KHR 4034.223621
KMF 417.999729
KPW 899.945137
KRW 1460.14997
KWD 0.30731
KYD 0.83291
KZT 496.518171
LAK 21498.933685
LBP 89504.332961
LKR 309.337937
LRD 185.901857
LSL 15.973208
LTL 2.95274
LVL 0.60489
LYD 6.316351
MAD 9.162679
MDL 16.911242
MGA 4427.744491
MKD 52.240134
MMK 2099.936125
MNT 3569.846682
MOP 8.043143
MRU 39.687396
MUR 45.879977
MVR 15.449775
MWK 1732.791809
MXN 17.344215
MYR 3.93203
MZN 63.750183
NAD 15.973816
NGN 1368.559867
NIO 36.779547
NOK 9.682405
NPR 144.74967
NZD 1.669215
OMR 0.384497
PAB 0.999458
PEN 3.359892
PGK 4.282021
PHP 58.974975
PKR 279.546749
PLN 3.57536
PYG 6615.13009
QAR 3.645472
RON 4.317897
RSD 99.504971
RUB 76.255212
RWF 1458.735317
SAR 3.750238
SBD 8.058101
SCR 13.714455
SDG 601.523681
SEK 8.99609
SGD 1.273145
SHP 0.750259
SLE 24.475007
SLL 20969.499267
SOS 570.224434
SRD 37.894025
STD 20697.981008
STN 20.734071
SVC 8.745065
SYP 11059.574895
SZL 15.972716
THB 31.747042
TJS 9.340239
TMT 3.51
TND 2.890703
TOP 2.40776
TRY 43.52501
TTD 6.770395
TWD 31.644498
TZS 2580.289759
UAH 43.116413
UGX 3558.598395
UYU 38.520938
UZS 12251.99609
VES 371.640565
VND 25982
VUV 119.556789
WST 2.72617
XAF 555.124234
XAG 0.011742
XAU 0.000204
XCD 2.70255
XCG 1.80131
XDR 0.68948
XOF 555.135979
XPF 100.927097
YER 238.374993
ZAR 16.12195
ZMK 9001.208602
ZMW 19.565181
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RYCEF

    -0.3200

    16.68

    -1.92%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    -0.0700

    23.87

    -0.29%

  • BCC

    5.3000

    90.23

    +5.87%

  • RIO

    0.1100

    96.48

    +0.11%

  • GSK

    3.8900

    57.23

    +6.8%

  • CMSC

    -0.0400

    23.62

    -0.17%

  • BCE

    0.2400

    26.34

    +0.91%

  • NGG

    1.5600

    87.79

    +1.78%

  • JRI

    0.0300

    13.15

    +0.23%

  • VOD

    0.4600

    15.71

    +2.93%

  • RELX

    -0.7300

    29.78

    -2.45%

  • AZN

    3.1300

    187.45

    +1.67%

  • BTI

    -0.2400

    61.63

    -0.39%

  • BP

    0.3800

    39.2

    +0.97%

Nuclear's EU comeback on show at Brussels summit
Nuclear's EU comeback on show at Brussels summit / Photo: © AFP

Nuclear's EU comeback on show at Brussels summit

Promoting nuclear power was long taboo in Brussels, but a high-profile international summit Thursday will send loud and clear the message that atomic energy -- now touted by its champions as key to fighting climate change -- is back.

Text size:

Gone are the days when Berlin's anti-nuclear stance set the tone: in the past two years atomic pioneer France has been decisive in crafting friendlier regulation, and putting nuclear back on the EU's agenda.

Rafael Grossi, the head of the International Atomic Energy Agency (IAEA) which is organising this week's meet in Brussels, is a leading proponent of nuclear as a "clean and reliable source of energy."

"The world needs much more of it," says Grossi, who sees "a growing realisation that nuclear energy is an indispensable part of the solution to some of the most pressing global challenges of our time."

The IAEA's first summit held to promote nuclear energy brings together representatives from some 50 countries -- from the EU but also the United States and China -- and 25 leaders including France's Emmanuel Macron.

"For the past four years, we have been sowing seeds -- they began to grow, and now we are reaping the harvest," said EU lawmaker Christophe Grudler, from Macron's centrist Renew Europe party.

Back in 2021, European Commission chief Ursula von der Leyen made headlines by arguing the EU needed nuclear as a "stable source" of energy -- and Brussels went on to label it among its list of "sustainable" investments.

By early 2023, France was spearheading the launch of a "nuclear alliance" of a dozen EU members including Poland, Bulgaria, Finland and the Netherlands, with a view to weighing on policy.

With notable successes so far: last June, Paris secured a change to EU renewable energy rules to recognise nuclear power as a way to produce low-carbon hydrogen.

In December EU states and lawmakers reached a deal on public aid for investment in existing nuclear power plants, then in February on including nuclear in a law cutting red tape for "net-zero" emission technologies.

Finally, Brussels included nuclear energy in its roadmap to reaching its 2040 climate goals, and in February it launched an industrial alliance to speed up the development of small modular reactors (SMRs).

- Convert the 'momentum' -

With 100 reactors currently in service across 12 countries, nuclear accounts for about a quarter of electricity produced in the EU, and almost half its carbon-free power.

Around 60 reactors are at various stages of planning or construction, one third of them in Poland.

Massimo Garribba, deputy director general at the European Commission's energy department, told a conference Monday he had seen a "change of attitude" among EU members these past 18 months.

"They have become much more outspoken," he said, "but also they have been working together to try and set up an agenda."

The French-led nuclear alliance says that "momentum must now be converted into a comprehensive and enabling European framework for nuclear development" -- including its financing.

Its members want nuclear and renewables put on a strict equal footing without "discrimination" in the bloc's goal of becoming carbon neutral by 2050.

The alliance wants that equality to apply to European Investment Bank financing, to the "Hydrogen Bank" funding instrument set up to boost sustainable hydrogen, and to any revisions of EU rules on renewables.

Despite the EU's more accommodating stance, the nuclear vs. renewables debate is still fuelling a standoff between Paris and Brussels: France failed to meet EU-set renewable targets in 2020, but is refusing to make amends -- arguing that its carbon footprint is low enough thanks to nuclear.

"France will not be paying penalties," warned its economy minister Bruno Le Maire this month. "These goals of having this many wind turbines, that many solar panels -- that's a Europe that we don't want any more."

- 'Theoretical' -

Likewise when it comes to a new French energy strategy that includes no goals for renewables: Brussels wants it to set targets by June, with at least 44 percent of renewables by 2030, against 20 percent now.

France's stance is anathema to many environmental activists -- and to EU countries like Spain, Austria, Germany and Luxembourg which together form a "Friends of Renewables" alliance within the bloc.

"We have never thought about mixing or exchanging renewable and nuclear," Spanish energy and climate minister Teresa Ribera said in December.

Sven Giegold, a German state secretary for the economy, said the promise of nuclear remains largely "theoretical" with many projects at planning stage -- making the case instead for "competitive" renewables.

Rejecting that argument, the centrist Grudler said SMRs will be a reality by 2035, and new generation EPR reactors by 2040.

"That is still a way off, but it's now that we need to create the framework and the financing plans," he said.

M.T.Smith--TFWP