EU could find answers to energy and climate goals with nuclear power
Frost & Sullivan research concludes that nuclear energy is the answer to meeting aggressive EU carbon emissions and fossil fuel targets and will be a major contributor to the European energy mix in 2020.
Nuclear power will play an active role in Europe's energy generation. Dependence on foreign imports, especially gas from Russia, is full of challenges. This leaves nuclear power among the few alternatives Europe is left with to meet its energy needs and climate change goals.
"It is difficult to envisage Europe phasing out nuclear power from its energy mix, despite the antagonistic stance of countries like Germany, Switzerland, Italy and Belgium where there are likely to be embargoes on further nuclear power development," said Neha Vikash, and energy & power supplies analyst with Frost & Sullivan.
France, Finland, the U.K. and Sweden have all expressed their commitment to nuclear power. Central and Eastern Europe, Poland, Romania, and the Czech Republic are also planning new units with increased safety assessments.
"While there will be shutdowns, member states like the United Kingdom and Finland will push through better safety standards and support new nuclear build over the next four to five years," said Vikash. "Apart from new builds, these states will also concentrate on increasing the share of electricity generation from renewables and decreasing their dependence on fossil fuels."