Germany Is Shuttering Nuclear Power Just When The EU Needs It The Most

[Valin]

Zero Hedge

Tyler Durden

Wednesday, Feb 02, 2022

Despite some countries embracing nuclear power as the obvious solution to the green energy problem that it is over the last 12 months, Europe is still shuttering reactors at a time when it needs them most. 

With Europe is a massive energy crisis, what remains of a nuclear industry in Germany is about to be taken offline. This comes as "wholesale power prices are more than four times what they were at the start of the coronavirus pandemic," Bloomberg reported this week. 

This comes despite the fact that the EU was slated to label uranium "green" this year. Meanwhile, as the rest of the world moves on to pragmatic solutions, government's across the EU are now facing massive energy bills and a supply crunch. 

 

China, for example, is embracing nuclear in an attempt to try and clean up its air quality. Russia is also embracing new stations and has more than 20 reactors confirmed or planned, Bloomberg wrote. Japan called nuclear "key" to its decarbonization goals late last year.

 

(Snip)