In Western Europe, nuclear energy is being hit by a political and ideological storm. The refusal to integrate it into the “green investment” label of the European taxonomy was yet another proof of Brussels’ unwillingness to continue the nuclear gamble, and rather prioritize hydrogen, offshore wind, and solar. However, on February 5th, a study titled “Road to EU Climate Neutrality by 2050”, commissioned by the ECR and Renew fractions of the European Parliament, urged the Commission to reassess the role nuclear could play in the European energy transition and in the fulfillment of its ambitious climate goals. And while one quarter of EU electricity came from nuclear in 2018, this generation decreased by 16,7% since 2006, giving us a hint that the Old Continent is more than ever divided about nuclear power.
Oil Price 17th Feb 2021 read more »