European Commission president says phasing out nuclear power was a strategic mistake

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European Commission president says phasing out nuclear power was a strategic mistake
Photo: Abdul Saboor/AP/TT

European nuclear power can be an economic success, says von der Leyen in a speech at the International Atomic Energy Agency's (IAEA) nuclear summit in Paris.

The next generation of nuclear reactors could become a European high-tech export of great value, said the Commission president.

In the speech, she notes, among other things, that nuclear power's share of electricity production in Europe has decreased from one third in 1990 to just 15 percent today.

"In retrospect, we see that it was a strategic mistake for Europe to turn its back on a reliable and affordable source of low-emission power," said von der Leyen.

Small reactors

Her speech comes ahead of new Commission proposals this afternoon to strengthen the development of small modular reactors, SMRs.

Our goal is very simple: we want this new technology to be operational in Europe from 2030, so that it can play a key role alongside traditional reactors in a flexible, safe and energy-efficient system, said von der Leyen.

In addition to simpler and coordinated permit rules, there is a heavy focus on achieving increased investments.

“The race is on”

Among other things, it includes a proposal for a European guarantee of 200 million euros – just over 2.1 billion kronor – to develop “innovative nuclear power technology.” The money will be taken from the emissions trading system, ETS.

We also want to give a clear signal that other investors should join in, said the Commission president.

The details of the proposals will be presented later in the day at a press conference in Strasbourg.

The nuclear race is on. And we know that Europe has what it takes to lead, said Ursula von der Leyen.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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