Swiss Government Proposes Reversal of Nuclear Power Ban

The Swiss government has announced plans to overturn its ban on constructing new nuclear power plants, citing evolving geopolitical tensions and energy needs. Energy Minister Albert Roesti revealed that a proposal to amend nuclear legislation will be submitted by the end of 2024, allowing for parliamentary debate in the following year.

This marks a significant shift from Switzerland’s 2017 referendum, which approved a gradual phase-out of nuclear power and prohibited the construction of new plants. The policy change was initially prompted by the 2011 Fukushima nuclear accident in Japan.

Roesti said that while new nuclear power is not a short or medium-term solution, it could be crucial for ensuring energy security in the long run.

“To be ready, if it is necessary in the long term, in the next 15 years I would say, we must start now,” he said at the press conference.

Switzerland’s reconsideration of nuclear energy is driven by several factors, including increased geopolitical uncertainties, ambitious climate targets, and growing electricity demand due to population growth. The country’s commitment to achieving carbon neutrality by 2050, as backed by voters in a recent climate bill, has also influenced this policy shift.

Currently, Switzerland’s four operational nuclear power plants generate approximately one-third of the nation’s electricity. These plants will continue to operate as long as they remain safe. However, concerns arise about filling the energy gap once these plants eventually close, with doubts about renewable energy’s capacity to meet demand fully.

The announcement has faced criticism from environmental organizations and certain political parties. Greenpeace Switzerland argues that new nuclear reactors would be too slow to effectively reduce carbon emissions and would not alleviate dependence on foreign energy sources.


Information for this story was found via Reuters, 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

Senate Passes ADVANCE Act, Allowing Biden to Sanction Rosatom

The US Senate has approved the ADVANCE Act, a comprehensive clean energy bill aimed at...

Wednesday, June 19, 2024, 11:27:00 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

Amazon Also Backs Small Modular Reactors in Latest Clean Energy Push

Amazon (Nasdaq: AMZN) has announced plans to invest in nuclear energy projects, focusing on Small...

Thursday, October 17, 2024, 11:05:00 AM

Fighting ESG with ESG? Switzerland Wants Tighter Immigration Policies to Spurr Economic Growth, Fight Climate Change

This weekend, Switzerland will be holding a national referendum that would limit its national population...

Tuesday, January 3, 2023, 04:03:00 PM

Meta Joins Tech Giants in Nuclear Power Race

Meta (Nasdaq: META) announced on Tuesday its plans to explore nuclear power options, joining other...

Tuesday, December 10, 2024, 12:50:00 PM