Belgium Pivots to Embrace Nuclear Power Revival

Belgium has gone from planning to phase out nuclear energy to extending the lifetimes of aging reactors and pushing for greater European nuclear self-sufficiency. This “180-degree turn” was driven by the dual pressures of meeting emissions targets and reducing reliance on Russian energy imports.

At the recent International Atomic Energy Agency (IAEA) Nuclear Energy Summit in Brussels, Belgian Prime Minister Alexander De Croo was among the most vocal proponents for a nuclear renaissance across the European Union. He stated bluntly that the bloc must “disconnect from Russian nuclear fuel” supplies while still being able to produce zero-emission electricity through domestic sources.

Just a few months ago, Belgium had been on track to shutter two nuclear reactors by 2025 as part of a long-standing policy to eliminate nuclear power. However, in December the government decided to extend the operating lives of those two plants until 2035. De Croo went even further, suggesting they could run for up to 20 additional years.

This pivot aligns Belgium with a growing pro-nuclear movement across Europe and other allies like the United States, Canada, and the UK. At the UN’s COP28 climate conference last year, two dozen countries pledged to triple nuclear generation capacity by 2050 as a key strategy for reducing carbon emissions.

However, Belgium and its EU partners face major challenges in truly divorcing from Russian nuclear services and materials. Russia currently supplies around 30% of the enriched uranium used by EU nuclear plants. Developing sufficient domestic enrichment capabilities will require massive investment that has been lacking.

De Croo acknowledged the nuclear industry “has quite some promises to deliver on” when it comes to costs, skills shortages and project delays. But he maintained the nuclear option is essential for meeting climate goals, declaring the Brussels summit was of “nuclear fanboys” but rather took “quite a nuanced” view.


Information for this story was found via The Financial Times, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

First Majestic Sells Past Producing Del Toro Silver Mine For Up To US$60 Million

TomaGold Drills 6.68% Zinc Equivalent Over 48.05 Metres At Berrigan Mine Project

Related News

DEEP DIVE: Documents Reveal Green Party Manipulated Germany To Push Nuclear Phase-Out

In a startling revelation, documents from the Ministry for Economic Affairs and Climate Action, acquired...

Thursday, April 25, 2024, 03:14:00 PM

Swiss Government Proposes Reversal of Nuclear Power Ban

The Swiss government has announced plans to overturn its ban on constructing new nuclear power...

Friday, August 30, 2024, 03:49:00 PM

Pennsylvania Gov Pushes To Fast-Track Microsoft’s Plan To Revive Three Mile Island

Pennsylvania Governor Josh Shapiro is making waves with his recent push to fast-track the reconnection...

Wednesday, September 25, 2024, 10:57:00 AM

IAEA Pushes Through With Zaporizhzhia Nuclear Plant Inspection Despite Military Activity: “We Are Not Stopping”

Following the reported threats of attacks and shelling by Russian forces around the Zaporizhzhia nuclear...

Thursday, September 1, 2022, 11:03:00 AM

Germany Still Hates Nuclear: Berlin Rules Out Extending Nuclear Power Despite Worsening Energy Crisis

Germany’s indecisiveness over its energy future continues, as the country’s environmental and economic minsters on...

Wednesday, March 9, 2022, 02:40:14 PM