Wednesday 9 February 2011

Europe plans to spend one trillion euros by 2020 for energy grid upgrades and nuclear included as a core part of the plan

Wealth Building Strategies in Energy, Metals and Other MarketsEurope plans to spend one trillion euros by 2020 for energy grid upgrades and nuclear included as a core part of the plan: "The EU is the world's largest regional energy market -- 500 million people and 20 million companies. Governments committed to a broad sweep of market reforms, linking national and regional electricity grids and gas pipelines by 2014 to allow power to circulate freely and cheaply, from those who produce it and have surpluses to those who don't and need it.

Alongside investment in renewable energy technologies, EU states will also promote 'safe and sustainable low-carbon technologies' -- this including nuclear -- under climate action goals. France and the UK have gotten agreement to reposition domestically-produced nuclear energy at the heart of the bloc's long-term supplies.

The political mood now, amid greater questioning of scientific evidence, is for a more substantial use of the nuclear alternative.

'Nuclear is not a renewable source,' said a senior official under commission head Jose Manuel Barroso of post-2050 guidelines, but 'the make-up of national energy mixes is a matter of national choice.'"

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