Anti-Nuclear Politics are Changing Course, FAST

 December 18, 2022

Anti-Nuclear Politics are Changing Course, FAST

You’ll be surprised…

Many people around the world aren’t aware that European energy costs have exploded over the last 10 months.

It’s staggering how bad it’s gotten for the average person in Europe who’s just trying to heat their home this winter. 

In fact, Bloomberg reports that European households are now paying more than ever before for their electricity and natural gas. 

Even as governments spend hundreds of billions to try and help consumers with this energy-crunch.

 

And unfortunately, this is only going to get worse in the coming months. . .

Many pundits blame the Russia-Ukraine war - which played a key part.

But this was only the catalyst that exposed Europe’s fragile energy policies.

That’s because European nations like Germany, Italy, Switzerland, Belgium - neutered themselves over the years by stalling their own energy generation.

It’s something we profile in detail right here.

Now they’re stuck in a bad demand situation as Russian energy – which supplied nearly half of European Union (EU) gas consumption in 2021 – is being scaled back.

And no other country feels this more-so than Germany, which’s suffered the worst of the EU energy crunch since March.

So, how did we get here?

Well, there are many factors. 

But a big reason is the post-2011 global nuclear energy phase-out agenda…

To give you some context, it all started in 2011 when a massive tsunami wracked Japan and led to a nuclear-power plant suffering extensive damage.

For many watching the news – it was hyped as the worst nuclear reactor crisis since the 1986 Chernobyl meltdown.

Politicians around the world took the bait. . .

Many leaders – especially in Germany, the EU, and Japan – instantly began pushing an ‘anti-nuclear energy’ agenda.

And over the years, this sentiment only amplified. 

Some examples are:

Japan suspended almost all of their nuclear reactors – 46-out-of-50 – and now only nine are operating. 

 

Germany shutting down 11 of 17 nuclear reactors permanently

since 2011 – while the remaining six were to go offline by 2022.

 

The Italian government promised to keep their country “non-nuclear.”

 

Switzerland voted to both decommission existing nuclear plants and ban any new buildings.

 

Belgium planned to exit nuclear by 2025.

Between 2011 and 2020 - some 48 giga-watts-of-electricity (GWe) in nuclear capacity was lost globally.

This, as a total of 65 reactors were either shut down or didn’t have their lifetimes extended.

No wonder uranium and the nuclear sector was in a bear market.

But now – as energy prices soar – these policies are coming back to haunt world leaders as they scramble to reverse their choices. 

Thus - a new nuclear energy renaissance has kicked off…

Source: https://carboncredits.com/