GlobalWide News
The Financial Times: France and Germany are deeply divided over the role of nuclear power in their respective energy strategies, complicating European Union efforts to transition away from fossil fuels. This rift has significant implications for energy security, especially as Europe looks to reduce its reliance on Russian gas. France, which derives two-thirds of its power from nuclear energy, argues for its inclusion in low-carbon targets and wants the ability to use state subsidies for the sector. Germany, on the other hand, recently closed its last nuclear plants and is concerned that a pro-nuclear push will detract from advances in renewable energy.
The disagreement is not just ideological but also economic. Germany fears that new EU rules could allow France to guarantee lower power prices from its large nuclear output, giving it an economic advantage. The stalemate has already impacted discussions on EU reforms related to renewable energy, hydrogen production, and the design of the EU’s electricity market. Smaller EU member states are growing impatient with the lack of progress. Both countries are due to discuss these issues further in an upcoming meeting on October 17, aimed at stabilizing long-term energy prices.
The entire article can be read at the link https://www.ft.com/content/b1dbd7b4-d8b9-45eb-bd18-4976f7c9af5e
