EconomyLens.com
No Result
View All Result
Thursday, August 13, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Switzerland reopens door for new nuclear power plants

Andrew Murphy by Andrew Murphy
August 28, 2024
in Other
Reading Time: 5 mins read
A A
0
44
SHARES
546
VIEWS
Share on FacebookShare on Twitter

The four nuclear power plants currently in service provide around a third of Switzerland's total electricity production. ©AFP

Geneva (AFP) – 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. 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.

Related

US stocks gain after benign inflation data, oil prices retreat

Stocks steady as US inflation worries ease, oil slips

European stocks gain as oil prices ease

Tech stocks enjoy rebound after US inflation on mixed day for markets

Germany’s dry rivers spark battle on engineering vs restoration

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.

© 2024 AFP

Tags: climate changenuclear energyrenewable energy
Share18Tweet11Share3Pin4Send
Previous Post

Buffett’s Berkshire Hathaway hits $1 tn market value

Next Post

Durov: mysterious and controversial Telegram founder

Andrew Murphy

Andrew Murphy

Related Posts

Other

Seoul tech leads Asian stock gains as traders cheer US inflation

August 13, 2026
Other

Trump sued over sale of access to Truth Social posts

August 13, 2026
Other

US equities gain as inflation report eases fear of rate rise

August 12, 2026
Other

Markets steady awaiting US inflation data

August 12, 2026
Other

Mideast war impact on travel bookings fading, TUI says

August 12, 2026
Other

Meta meets its own ‘tobacco’ moment as jury selection kicks off trial

August 12, 2026
Next Post

Durov: mysterious and controversial Telegram founder

AI chip giant Nvidia beats expectations, but shares take hit

Telegram boss Durov charged, banned from leaving France

California lawmakers pass AI safety bill

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Trump announces tariffs of up to 100% on imported drones

August 13, 2026

US stocks gain after benign inflation data, oil prices retreat

August 13, 2026

Porsche to end production of flagship electric car: report

August 13, 2026

Stocks steady as US inflation worries ease, oil slips

August 13, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.