The use of nuclear energy is experiencing an incredible boom in the world and particularly in Europe. France, the leading nuclear power country, is planning to advance the nuclear market through innovation in industrial technologies as part of the 0-carbon objective.
The European Commission has considered this month its project of green labeling for nuclear and gas power plants. Still in the context of the fight against global warming, this bill has been developed to facilitate the financing of facilities. It would be in fact, to consider as “sustainable” the investments related to the production of electricity towards the activities contributing to the reduction of greenhouse gases (green finance).
This project, which is part of the EU’s objective of becoming carbon neutral by 2050, meets the expectations of France and several Central European countries. France is planning to relaunch its decarbonized nuclear sector (France 2030) and Poland and the Czech Republic are considering replacing their highly polluting coal-fired power plants. It is therefore advantageous for these countries in terms of financing to take a stand for this bill.
Nuclear power is a low-carbon source. Many countries such as China, Russia, Finland and the United Kingdom have recently developed their nuclear power industries. This has led to a considerable increase in nuclear production with a world record of over 399,000 MW.
To maintain this development dynamic, the International Energy Agency (IEA) forecasts an investment of about 1.1 trillion dollars in nuclear energy by 2040. This represents a 46% growth in nuclear energy production.
However, fossil fuels remain the most widely used sources of electricity production in the world. Thus, the answer to the current environmental problem would be to deploy low-carbon forms of electricity. The combination of renewable and nuclear sources would indeed provide an answer to this climate crisis. To this end, world and emerging powers are trying to bring their solution to this problem by launching important nuclear energy development programs.
Unlike its neighbors, France does not have enough energy resources to produce its own electricity. It was in 1963 that nuclear power was developed in France. Today, the country is meeting its six strategic priorities:
– The reduction of CO2 emissions,
– Security of supply,
– The competitiveness of companies,
– Preserving the purchasing power of households,
– Maintaining qualified industrial jobs
– The mastery of advanced technological.
Emmanuel Macron’s recent announcement is of particular importance. Indeed, this announcement made within the framework of the France 2020 plan shows the great interest our government has in nuclear energy.
However, one of the greatest difficulties faced by the nuclear sector is its construction. Indeed, the construction of a nuclear power plant can cost up to 800 million euros. To overcome this, France is now making one of its future technologies at the heart of the investment plan “France 2030”, presented by Emmanuel Macron. From then on, the solution envisaged for the construction of the latter lies in the innovation of Small Modulars Reactors (SMR). SMRs offer the advantage of being inexpensive and small, which guarantees rapid construction of the reactors. These small plants can go down to 10MW of installed power. We can easily imagine that this new model could supply the electricity needs of a small or medium-sized city.
In addition, France has also opted to create a new nuclear fission technology that consists in sending a neutron at high speed against an unstable atom. When it explodes, energy is produced. A chain reaction ensues. The amount of energy produced is considerable. This technology is the designated successor of nuclear energy.
Developments in this field are very slow and are progressing gradually, but before it can be used. It is therefore unlikely that this source of energy will disappear in the years to come. This energy will find its place in the energy transition.