Reducing Europe's Nuclear Energy Sector Was 'Strategic Mistake', EU Chief Says

An anonymous reader quotes a report from Reuters: Reducing Europe's nuclear energy sector was a "strategic mistake," European Commission chief Ursula von der Leyen said on Tuesday, as governments grapple with an energy crunch from the Iran war. Europe produced around a third of electricity from nuclear power in 1990 but that has fallen to 15%, she told an event in Paris, leaving it reliant on oil and gas imports whose prices have surged in recent days. Being "completely dependent on expensive and volatile imports" of fossil fuels puts Europe at a disadvantage to other regions, von der Leyen said in a speech. "This reduction in the share of nuclear was a choice. I believe that it was a strategic mistake for Europe to turn its back on a reliable, affordable source of low-emissions power." The report notes that the EU does not directly fund nuclear energy projects because all 27 member states have not unanimously supported the technology. However, von der Leyen said the Commission plans to provide a 200-million-euro guarantee from the EU's carbon market to help attract private investment in innovative nuclear technologies.

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