Advocates tout nuclear power as a crucial element for ensuring energy security, sovereignty, and combating climate change. A landmark conference in Brussels witnessed the endorsement of a declaration supporting nuclear energy by EU leaders from 11 member states.
Declaration Details and Objectives
Belgium, Bulgaria, Croatia, Czechia, Finland, France, Hungary, Italy, the Netherlands, Poland, and Sweden lent their support to the declaration, urging regulators to fully harness the potential of nuclear energy and facilitate financing for the maintenance and expansion of nuclear power plants.
Financial and Regulatory Imperatives
The declaration emphasized the need for greater inclusion of nuclear energy in Environmental, Social, and Governance (ESG) policies within the international financial system. It also underscored the importance of cooperation in advancing advanced reactor technologies, such as small modular reactors (SMRs), and ensuring the stability of nuclear energy industrial and supply chains.
EU’s Renewed Focus on Nuclear Energy
Against the backdrop of energy crises and concerns over reliance on external fuel sources, EU leaders highlighted nuclear energy’s role in decarbonizing energy systems and providing affordable electricity. Commission President Ursula von der Leyen stressed the importance of accelerating investments and governmental support to overcome barriers, particularly in securing funding.
Call for Unified Action and Investment
Leaders emphasized the necessity of unified action and increased public and private financing to bolster nuclear energy initiatives. Croatian Prime Minister Andrej Plenkovic emphasized the importance of financial support from institutions like the European Investment Bank and urged the EU to develop a comprehensive strategy for nuclear fusion. Ultimately, the declaration reflects a collective commitment to integrating nuclear energy alongside other energy sources to meet the EU’s climate and energy goals.
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