Thierry Breton: EU Must Spend €550bn On Nuclear To Meet Climate Goal

The member states of the EU will together have to invest some €550bn in nuclear energy between now and 2050 to meet its net zero carbon target, according to, the union’s commissioner for the internal market.

As per Thierry Breton, the transition to greener energy added would require “an industrial revolution of unprecedented scale” and would require “colossal investments”, including €500bn on new nuclear plants and at least €50bn on existing capacity over the next eight years.

He added: “To achieve carbon neutrality, it is really necessary to move up a gear in the production of carbon-free electricity in Europe, knowing that the demand for electricity itself will double in 30 years.”