EU's Nuclear Energy Shift: A Reassessment Amidst Global Trends

EU Commission President Ursula Von der Leyen labeled the reduction of nuclear energy in Europe's electricity mix as a 'strategic mistake,' emphasizing nuclear's role in low-emission power. She advocates for small nuclear reactors to lessen reliance on fossil fuels, with a €200 million EU investment to drive development.

EU Commission President Ursula Von der Leyen has called the European Union's decision to reduce its reliance on nuclear energy a "strategic mistake." Speaking in Paris, she pointed out that as the bloc is neither an oil nor gas producer, nuclear offers a reliable, low-emissions alternative in power generation.

Once supplying one-third of Europe's electricity in 1990, nuclear now accounts for only 15%. Von der Leyen announced efforts to increase this share by stimulating the development of small modular nuclear reactors, intending to reduce dependency on imported fossil fuels.

She unveiled a €200 million EU investment guarantee to enhance nuclear technology, aiming for operational small reactors by the early 2030s. Highlighting rising energy prices due to Middle Eastern conflicts, she underscored nuclear and renewables' importance for Europe's future energy security.

(With inputs from agencies.)