Serbia Ends 35-Year Nuclear Power Ban for Energy Transition

Serbia’s parliament has voted to end its long-standing moratorium on nuclear power development. The decision, announced by Energy Minister Dubravka Djedovic Handanovic, overturns restrictions that had been in place since the aftermath of the 1986 Chernobyl disaster.

The ban was originally implemented by former Yugoslavia, which had suspended its nuclear program and shut down its sole research reactor near Belgrade. This latest move comes as Serbia faces pressure to decarbonize its energy sector, particularly with the European Union’s 2050 deadline to phase out coal power.

Currently, Serbia heavily depends on coal for its energy needs, contributing to severe air pollution that has made its capital, Belgrade, one of the most polluted cities during winter months. However, the transition to nuclear power is expected to be a complex undertaking. According to a recent government study, establishing a new nuclear facility could take up to two decades.

In March, President Aleksandar Vučić announced at the Nuclear Energy Summit in Brussels the country’s plans to develop 1.2GW of nuclear capacity using small modular reactors. The ambitious project faces several challenges, including an estimated €8 billion price tag and the need for international support.

“Today it is important that we understand how far behind we are and how we made wrong decisions in the previous 35 and 40 years. The importance attached to this summit indicates to us how much electricity we will lack in the future. To simplify, without nuclear energy we will not be able to survive the arrival of artificial intelligence or electric cars,” he said at the Nuclear Energy Summit.

Currently, Serbia heavily depends on coal for its energy needs, contributing to severe air pollution in Belgrade. While the country faces EU pressure to phase out coal by 2050, the transition to nuclear power is expected to be complex. Government studies suggest establishing new nuclear facilities could take up to two decades.


Information for this story was found via 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

SSR Mining Walks Away From a World Class Gold-Copper Project

Why More Canadians Are Starting to Think About Leaving | Jesse Day

Instead of Waiting, This Gold Developer Went Bigger | Kenneth McLeod – Sonoro Gold

Recommended

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Silver47 Targets Resource Growth With 10,000 Metre Red Mountain Drill Program

Related News

France Sets Price Increase Caps For Household Gas And Power

French Prime Minister Elisabeth Borne on Wednesday announced that price increases for gas and electricity...

Thursday, September 15, 2022, 11:44:00 AM

The Netherlands to Expand Offshore Gas Extraction and Nuclear Energy

The incoming Dutch government has announced plans to reduce the country’s dependence on “unreliable countries”...

Friday, May 17, 2024, 11:33:00 AM

U.S. Races to Secure Nuclear Fuel as Russian Restrictions Take Hold

As the United States aims to triple its nuclear power capacity by 2050, concerns over...

Monday, December 2, 2024, 03:40:00 PM

Nuclear Plant in Michigan to Become First Decommissioned Facility to Be Reactivated in the US

Holtec International, the company that acquired the Palisades nuclear plant, has unveiled plans to restart...

Wednesday, September 13, 2023, 03:01:00 PM

Serbia Leases Prime Belgrade Land to Trump’s Son-in-Law’s Company for 99 Years

On Monday, May 15th, the Serbian government signed an agreement with the American company Affinity...

Monday, May 20, 2024, 03:07:00 PM