Europe nuclear plants ‘need 500 bn euro investment by 2050’: EU commissioner

France has led the charge for nuclear power—its main energy supply—to be included as a sustainable option. The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend. “Existing nuclear plants …

Tim Gitzel, president and CEO of Cameco Corporation, on the rewards and risks of nuclear energy

Howard Green speaks with Tim Gitzel, CEO of Saskatchewan-based uranium company Cameco Corporation, about nuclear power and climate change. Generating clean electricity is one of the most pressing issues facing humankind. More than half of the world’s greenhouse gases come from producing electrical power. So to get to net zero targets, the world needs to …

Japan vows to boost nuclear tech development in energy talks with U.S.

Japan will bolster the development of next-generation nuclear power technology in cooperation with the United States and other partners, industry minister Koichi Hagiuda said Thursday during talks with his U.S. counterpart. Hagiuda told U.S. Energy Secretary Jennifer Granholm during video talks that the Japanese government will urge more local energy companies to join an international …

Green finance row splits Berlin

The EU is in the final stages of honing its green finance rules and a leaked draft proposing that nuclear and gas should receive the label for the transition has prompted complaints from Berlin. But positions differ even inside the new German coalition government The EU sustainable finance taxonomy is a long, detailed list of …

EU drafts plan to label gas and nuclear investments as green

The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU “sustainable finance …

Provinces’ next step on building small nuclear reactors to come in the new year

Four provinces are exploring how to harness nuclear energy. Clockwise from top left are Saskatchewan Premier Scott Moe, Ontario Premier Doug Ford, New Brunswick Premier Blaine Higgs and Alberta Premier Jason Kenney. (CBC) Alberta joined Saskatchewan, Ontario and New Brunswick in team effort to harness nuclear energy Alberta’s ministry of energy says the four provinces cooperating …

Commodities 2022: Nuclear energy advocates see new climate focus buoying industry

Infrastructure bill funds two reactors, including one in Wyoming Legislation includes $6 billion in credits for merchant nuclear units One new reactor expected to come online in 2022, one to retire The current focus on climate change has changed the conversation on nuclear energy, creating momentum for public and private sector action in 2022 to help push …