Berliner Boersenzeitung - Switzerland reopens door for new nuclear power plants

EUR -
AED 4.276911
AFN 77.00261
ALL 96.561039
AMD 444.455439
ANG 2.084659
AOA 1067.918724
ARS 1670.580382
AUD 1.753592
AWG 2.099152
AZN 1.98201
BAM 1.955612
BBD 2.346285
BDT 142.406334
BGN 1.956282
BHD 0.439022
BIF 3441.169761
BMD 1.164578
BND 1.510655
BOB 8.078225
BRL 6.329131
BSD 1.164893
BTN 104.857487
BWP 15.497513
BYN 3.368991
BYR 22825.733483
BZD 2.342885
CAD 1.612865
CDF 2599.338258
CHF 0.937992
CLF 0.027397
CLP 1074.765709
CNY 8.235549
CNH 8.227437
COP 4451.018029
CRC 568.84541
CUC 1.164578
CUP 30.861323
CVE 110.254419
CZK 24.274232
DJF 207.440983
DKK 7.469133
DOP 74.682833
DZD 151.520998
EGP 55.351124
ERN 17.468674
ETB 181.088421
FJD 2.645691
FKP 0.873468
GBP 0.872491
GEL 3.138508
GGP 0.873468
GHS 13.308723
GIP 0.873468
GMD 85.589934
GNF 10126.028236
GTQ 8.923105
GYD 243.716611
HKD 9.061671
HNL 30.593578
HRK 7.535056
HTG 152.525363
HUF 384.021425
IDR 19437.858928
ILS 3.744486
IMP 0.873468
INR 104.745194
IQD 1525.597493
IRR 49057.858566
ISK 148.82132
JEP 0.873468
JMD 186.752078
JOD 0.825704
JPY 181.933909
KES 150.521616
KGS 101.84268
KHR 4663.572474
KMF 493.780761
KPW 1048.120262
KRW 1709.965829
KWD 0.357554
KYD 0.970811
KZT 595.26543
LAK 25263.683987
LBP 104326.769319
LKR 359.467046
LRD 205.609386
LSL 19.780687
LTL 3.438697
LVL 0.704442
LYD 6.33042
MAD 10.786908
MDL 19.751189
MGA 5194.501499
MKD 61.63435
MMK 2445.6481
MNT 4131.893999
MOP 9.335644
MRU 46.347949
MUR 53.745547
MVR 17.946518
MWK 2022.292297
MXN 21.261125
MYR 4.789875
MZN 74.418489
NAD 19.780687
NGN 1691.082209
NIO 42.865886
NOK 11.795012
NPR 167.772899
NZD 2.012281
OMR 0.447779
PAB 1.164888
PEN 3.916481
PGK 4.947009
PHP 69.07816
PKR 326.778058
PLN 4.238873
PYG 8011.265579
QAR 4.240204
RON 5.090026
RSD 117.41628
RUB 89.031619
RWF 1694.937342
SAR 4.370562
SBD 9.577286
SCR 15.828219
SDG 700.501887
SEK 10.920955
SGD 1.510499
SHP 0.873735
SLE 27.823965
SLL 24420.621214
SOS 665.555232
SRD 45.021424
STD 24104.418272
STN 24.497649
SVC 10.193066
SYP 12876.544773
SZL 19.775187
THB 37.066776
TJS 10.688028
TMT 4.076024
TND 3.421757
TOP 2.804025
TRY 49.586224
TTD 7.892276
TWD 36.271887
TZS 2853.216319
UAH 49.109787
UGX 4121.604462
USD 1.164578
UYU 45.505438
UZS 13967.719529
VES 300.002576
VND 30704.105269
VUV 141.895799
WST 3.247554
XAF 655.894056
XAG 0.019829
XAU 0.000277
XCD 3.147331
XCG 2.099508
XDR 0.815722
XOF 655.896872
XPF 119.331742
YER 277.810358
ZAR 19.844134
ZMK 10482.599985
ZMW 26.93853
ZWL 374.993718
  • RBGPF

    0.7600

    79.11

    +0.96%

  • CMSD

    -0.0800

    23.17

    -0.35%

  • RYCEF

    0.2100

    14.83

    +1.42%

  • SCS

    -0.0200

    16.12

    -0.12%

  • RIO

    -0.0400

    73.02

    -0.05%

  • CMSC

    -0.2100

    23.22

    -0.9%

  • RELX

    -0.8400

    39.48

    -2.13%

  • NGG

    -0.0800

    75.33

    -0.11%

  • GSK

    0.0600

    48.47

    +0.12%

  • VOD

    0.0300

    12.5

    +0.24%

  • BCC

    -1.2400

    71.81

    -1.73%

  • BCE

    -0.2100

    23.34

    -0.9%

  • BTI

    0.4000

    57.41

    +0.7%

  • BP

    -0.0500

    35.78

    -0.14%

  • AZN

    1.1000

    91.28

    +1.21%

  • JRI

    -0.0700

    13.72

    -0.51%

Switzerland reopens door for new nuclear power plants
Switzerland reopens door for new nuclear power plants / Photo: Fabrice COFFRINI - AFP

Switzerland reopens door for new nuclear power plants

Switzerland said Wednesday it was open to building new nuclear power stations in the long term, given new geopolitical uncertainties, climate targets and population growth boosting the demand for electricity.

Text size:

The Swiss approved the gradual phase-out of nuclear power in a referendum in 2017, by banning the construction of new power plants.

That law was the result of a long process initiated after the 2011 Fukushima nuclear accident in Japan, triggered by a tsunami.

However, "since 2017, the situation on the electricity market has changed radically", Energy Minister Albert Rosti told a press conference, following a government meeting.

Furthermore, last year voters backed a new climate bill aimed at steering the country towards carbon neutrality by 2050.

Rosti said new nuclear power was "not an option" in the short or even medium term.

"But to be ready, if it is necessary in the long term, in the next 15 years I would say, we must start now," he stressed.

His ministry will submit an amendment to the nuclear energy law by the end of the year.

Parliament would then have to debate it and the public would have to vote in a referendum.

"We are not saying that in 10 years there will be a new power plant... but we are responsible for leaving the door open to all possible technologies," said Rosti, stressing that if the process was not initiated now, it will "perhaps be too late in 20 years".

As the wealthy Alpine nation hopes to achieve carbon neutrality by 2050, the government said it needed to be open to different technologies -- and the ban on new nuclear plants was "not compatible" with that objective.

The four nuclear power plants currently in service provide around a third of Switzerland's total electricity production. They can continue running as long as they remain safe.

When they eventually have to close, the government fears renewable energy might not be able to plug the gap.

"At the time, we had imagined producing the missing electricity using gas-fired power plants," but "this option has become almost unthinkable" to achieve carbon neutrality, Rosti explained.

He said the lifting of the ban on new nuclear power plants was a "fallback option, just in case".

The announcement was immediately criticised by Greenpeace Switzerland as well as centrist, socialist and environmentalist parties.

"The construction of a new nuclear reactor will come too late to effectively reduce our carbon emissions and will not free us from our dependence on third countries for our energy supply," said Greenpeace Switzerland.

(P.Werner--BBZ)