Switzerland to scrap ban on building nuclear power stations

ZURICH (Reuters) – The Swiss government said on Wednesday it plans to overturn a ban on building new power plants to strengthen local energy supply at a time of increased geopolitical tension.

Energy Minister Albert Roesti said the government would submit a proposal to amend nuclear legislation by the end of 2024 so it can be debated in parliament next year.

“Over the long term, new nuclear power plants are one possible way of making our supply more secure in a geopolitically uncertain time,” Roesti told a press conference.

Failure to retain the option could be seen as a betrayal by future generations, Roesti argued.

Switzerland decided to phase out atomic energy after the 2011 nuclear accident in Fukushima, Japan.

In 2017, Swiss voters approved a government plan that included a ban on building new nuclear power stations.

At the end of 2019, the Muehleberg nuclear power station came off the grid. Three more nuclear stations remain.

Roesti also reiterated the government felt it was meeting its commitments to tackling climate change, responding to a European court ruling in April that had ordered it to do more.

KlimaSeniorinnen Schweiz, which with Greenpeace brought the case to the court, dismissed this and said that Switzerland was still failing to uphold its obligations.

This post is originally published on INVESTING.

  • Related Posts

    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    By Scott DiSavino (Reuters) -Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent…

    COP29 climate summit overruns as $250 billion draft deal stalls

    By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 climate summit ran into overtime on Friday, after a draft deal that proposed developed nations take the lead in providing…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    • November 23, 2024
    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    COP29 climate summit overruns as $250 billion draft deal stalls

    • November 22, 2024
    COP29 climate summit overruns as $250 billion draft deal stalls

    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    Oil prices climb 1% to two-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices climb 1% to two-week high as Ukraine war intensifies