November 29, 2023 4:39 pm

European country announces nuclear energy initiative — RT Business News

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Switzerland has announced its decision to extend the operational lifespan of its nuclear power plants in response to fears of electricity shortages. This move reflects a broader trend across Europe, where countries are opting to prolong the use of atomic energy to meet the increasing demand for electricity.

The decision to continue operating its nuclear reactors comes as Switzerland faces concerns about securing a stable electricity supply. With nuclear power accounting for up to 40% of the country’s electricity generation, the Swiss government has opted to extend the lifespan of its nuclear plants, leaving it up to the operators to ensure the safety and operational viability of the facilities. While Switzerland had previously announced plans to phase out nuclear energy, no deadline has been set for the closure of the plants.

Major Swiss utility companies, including Axpo Holding and Alpiq Holding, have revealed their plans to extend the operational lifespan of their nuclear power plants. These companies have extended the planned use of their plants from 50 to 60 years, with Alpiq even considering an extension of up to 80 years. However, any decision to extend the operational lifespan is contingent upon assessments of safety, investments, and profitability.

The decision by Switzerland to prolong the use of nuclear energy reflects a broader trend across the European Union. Countries like France, Belgium, and Finland are also working on extending the lifespan of their nuclear reactors as they anticipate a surge in electricity demand and contend with the insufficiency of renewable energy sources.

In contrast, Germany, the EU’s largest economy, has taken a different approach by shutting down its last nuclear power plants in favor of renewable energy. This decision has led to electricity shortfalls in Germany, prompting the country to increase its imports of electricity from neighboring nuclear and coal power plants.

The extension of the operational lifespan of nuclear power plants in Switzerland and other European countries has sparked a debate about the trade-offs between nuclear energy and renewable sources. While nuclear power offers a reliable source of electricity without carbon emissions, it also raises concerns about safety, waste disposal, and the potential for environmental hazards.

As the energy landscape continues to evolve, Switzerland’s decision to prolong the operational lifespan of its nuclear power plants underscores the complex trade-offs and challenges associated with meeting the growing demand for electricity while also addressing environmental and safety concerns. In the coming years, the country will need to navigate these complexities as it seeks to ensure a secure and sustainable energy supply for its citizens.

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Original Source: European country announces nuclear energy initiative — RT Business News

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