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

Canada Should Be as Rich as Saudi Arabia. But It’s Not! | Michael Gentile

Artemis Gold Q3 Earnings: Growth Already In Focus

IAMGOLD Q3 Earnings: Market Responds With MASSIVE Price Lift

Recommended

Kalshi Faces Class Action Lawsuit Over Alleged Illegal Sports Betting

Silver47 Hits 606 g/t Over 9.7 Metres Silver Equivalent In Final Assays From 2025 Drill Program At Red Mountain

Related News

Cameco Explores Collaboration With GE Hitachi To Deploy Small Modular Nuclear Reactors

Cameco (TSX: CCO) announced this morning that it has entered into a memorandum of understanding...

Wednesday, July 7, 2021, 10:33:00 AM

Energy Secretary Calls For More Nuclear Reactors: “2 Down, 198 To Go”

U.S. Secretary of Energy Jennifer Granholm has called for the construction of “hundreds” of new...

Saturday, June 1, 2024, 09:14:00 AM

Is Russia Launching A Nuke Into Space This Year?

Is Russia preparing to launch a nuclear weapon into space or is the US using...

Wednesday, February 21, 2024, 02:02:00 PM

Data Center Boom Could Revive Dormant Iowa Nuclear Plant

Rising energy demands from the technology sector could breathe new life into Iowa’s dormant Duane...

Friday, October 25, 2024, 09:49:43 AM

Switzerland Bans Gold Imports From Russia

Switzerland, one of the world’s leading gold refiners, banned the import of Russian gold, aligning...

Friday, August 5, 2022, 10:03:01 AM