Berliner Boersenzeitung - EU chief, Macron say Mideast war exposes Europe energy vulnerability

EUR -
AED 4.224055
AFN 73.034746
ALL 93.912556
AMD 423.509494
ANG 2.059295
AOA 1055.298283
ARS 1652.513696
AUD 1.637006
AWG 2.070333
AZN 1.954332
BAM 1.938266
BBD 2.317733
BDT 141.263308
BGN 1.944825
BHD 0.433739
BIF 3440.203335
BMD 1.150185
BND 1.474263
BOB 7.980803
BRL 5.855363
BSD 1.15079
BTN 108.762098
BWP 15.419509
BYN 3.185978
BYR 22543.626
BZD 2.314463
CAD 1.623049
CDF 2668.429339
CHF 0.921954
CLF 0.025886
CLP 1018.787718
CNY 7.772318
CNH 7.779921
COP 3950.885475
CRC 524.15827
CUC 1.150185
CUP 30.479903
CVE 109.670229
CZK 23.926206
DJF 204.410724
DKK 7.402752
DOP 67.400776
DZD 152.835402
EGP 57.40366
ERN 17.252775
ETB 182.160574
FJD 2.569169
FKP 0.858573
GBP 0.866384
GEL 3.042238
GGP 0.858573
GHS 12.994445
GIP 0.858573
GMD 83.963142
GNF 10095.747706
GTQ 8.771724
GYD 240.722336
HKD 9.014132
HNL 30.706716
HRK 7.532445
HTG 150.290417
HUF 345.802709
IDR 20414.173491
ILS 3.38297
IMP 0.858573
INR 108.47337
IQD 1506.74235
IRR 1581504.374934
ISK 143.002537
JEP 0.858573
JMD 182.003529
JOD 0.815503
JPY 184.332097
KES 148.972166
KGS 100.583404
KHR 4615.109336
KMF 488.828408
KPW 1035.166903
KRW 1738.924442
KWD 0.35437
KYD 0.959024
KZT 561.198313
LAK 25338.575324
LBP 102999.066812
LKR 385.525743
LRD 209.506002
LSL 18.627083
LTL 3.396197
LVL 0.695736
LYD 7.332452
MAD 10.63348
MDL 20.081337
MGA 4830.776941
MKD 61.059454
MMK 2415.32615
MNT 4116.951662
MOP 9.284806
MRU 46.099467
MUR 54.208496
MVR 17.782141
MWK 1996.721456
MXN 19.882477
MYR 4.675277
MZN 73.499243
NAD 18.635202
NGN 1563.239036
NIO 42.108388
NOK 11.060296
NPR 174.018253
NZD 1.990508
OMR 0.442244
PAB 1.15079
PEN 3.925018
PGK 5.046724
PHP 69.44013
PKR 320.0944
PLN 4.195495
PYG 7022.472113
QAR 4.187251
RON 5.183926
RSD 116.25041
RUB 83.930778
RWF 1711.47528
SAR 4.315372
SBD 9.272129
SCR 16.235003
SDG 690.685314
SEK 10.948358
SGD 1.474571
SHP 0.858729
SLE 28.467414
SLL 24118.808572
SOS 657.339385
SRD 42.938737
STD 23806.507286
STN 24.613959
SVC 10.069
SYP 127.132361
SZL 18.629409
THB 37.420695
TJS 10.667696
TMT 4.037149
TND 3.349052
TOP 2.76937
TRY 53.420578
TTD 7.817282
TWD 36.298116
TZS 3019.239041
UAH 51.538512
UGX 4257.48521
USD 1.150185
UYU 46.460109
UZS 13807.970761
VES 685.552123
VND 30279.77031
VUV 136.859249
WST 3.151221
XAF 650.07617
XAG 0.016846
XAU 0.000268
XCD 3.108433
XCG 2.07402
XDR 0.809382
XOF 649.854731
XPF 119.331742
YER 274.462925
ZAR 18.840732
ZMK 10353.037051
ZMW 20.339997
ZWL 370.359101
  • BTI

    -1.2200

    58.27

    -2.09%

  • RIO

    -1.5100

    101.16

    -1.49%

  • GSK

    -1.0650

    51.085

    -2.08%

  • NGG

    -0.8950

    79.785

    -1.12%

  • BCC

    3.9100

    74.72

    +5.23%

  • CMSC

    0.1050

    22.425

    +0.47%

  • BCE

    -0.0100

    23.27

    -0.04%

  • JRI

    0.1000

    12.71

    +0.79%

  • RYCEF

    -0.5500

    18

    -3.06%

  • RBGPF

    -1.7300

    61.14

    -2.83%

  • BP

    -1.1750

    38.965

    -3.02%

  • RELX

    -0.9000

    31.11

    -2.89%

  • VOD

    0.0000

    14.53

    0%

  • CMSD

    0.0300

    22.32

    +0.13%

  • AZN

    -3.0100

    174.88

    -1.72%

EU chief, Macron say Mideast war exposes Europe energy vulnerability
EU chief, Macron say Mideast war exposes Europe energy vulnerability / Photo: Abdul Saboor - POOL/AFP

EU chief, Macron say Mideast war exposes Europe energy vulnerability

EU chief Ursula von der Leyen and French President Emmanuel Macron on Tuesday called on European countries to boost the use of civilian nuclear power to secure the continent's energy independence, saying the Middle East war had exposed Europe's vulnerability.

Text size:

They spoke at a nuclear energy summit which was briefly interrupted by Greenpeace protesters as the US-Israeli war with Iran entered its second week.

Von der Leyen said Europe's turn away from civilian nuclear power had exposed the continent's fossil fuel "vulnerability".

"It was a strategic mistake for Europe to turn its back on a reliable, affordable source of low-emission power," she said at the opening of the second Nuclear Energy Summit just outside Paris.

"For fossil fuels, we are completely dependent on expensive and volatile imports. They are putting us at a structural disadvantage to other regions," she said.

"The current Middle East crisis gives a stark reminder of the vulnerability it creates," she added.

"We have home-grown low-carbon energy sources: nuclear and renewables. And together, they can become the joint guarantors of independence, security of supply, and competitiveness -- if we get it right."

- 'Energy sovereignty' -

Macron said civilian nuclear power helped provide energy sovereignty.

"Nuclear power is key to reconciling both independence -- and thus energy sovereignty -- with decarbonisation, and thus carbon neutrality," Macron said.

"We can see it in our current geopolitical context: when we are too dependent on hydrocarbons, they can become a tool of pressure, or even of destabilisation," he added.

Von der Leyen said that "while in 1990, one-third of Europe's electricity came from nuclear, today it's only close to 15 percent".

"In the last years, we see a global revival of nuclear energy. And Europe wants to be part of it," she said.

She said European Union would "create a 200-million-euro ($230-million) guarantee to support investment in innovative nuclear technologies", unveiling a new strategy for small modular reactors.

"We want this new technology to be operational in Europe by the early 2030s."

Small modular reactors are advanced nuclear reactors that have a power capacity of up to 300 megawatts of electricity per unit, or about a third of the generating capacity of a traditional nuclear power reactor.

They are relatively simple to build, which makes them more affordable than large power reactors.

- 'Nuclear power fuels war' -

Nuclear energy fell into crisis after the 2011 Fukushima disaster in Japan, which reinforced fears highlighted by the 1986 Chernobyl catastrophe.

But the growing focus on energy sovereignty and the search for clean energies to counter global warming has reignited atomic interest.

The use of nuclear energy as an alternative to fossil fuels is highly controversial, however, with many environmental groups warning about safety risks and the disposal of nuclear waste.

The start of the summit was briefly interrupted by two Greenpeace activists who broke onto the stage as Macron greeted attendees and unfurled a banner reading "Nuclear power fuels Russia's war."

One of the activists shouted: "Why are we buying uranium from Russia?" before both were taken away by security personnel.

Greenpeace has accused France of maintaining ties with Russia's state nuclear corporation, Rosatom, despite Moscow's invasion of Ukraine, now in its fifth year.

In 2018, France's EDF signed a multi-million deal with a Rosatom subsidiary, Tenex, for reprocessed uranium from French nuclear power plants to be sent to Russia to be converted and then re-enriched before being reused in power production.

Greenpeace said that around 15 activists disrupted the arrival of officials heading to the event.

"This global summit on nuclear energy is completely out of touch with the current global situation, both in terms of geopolitical tensions and armed conflicts, and in the context of the fight against climate change," Greenpeace said.

(G.Gruner--BBZ)