Nadia Calviño, the freshly-elected president of the European Investment Bank, shows an appetite for a riskier strategy.
The financial branch of the European Union, the EIB, may be willing to bet on less secure investments under its new leadership.
In an interview with the Financial Times, president and former Spanish economy minister Nadia Calviño Santamaría signalled that she hopes to increase investment in defence and nuclear projects.
The group, including Britain, France and the United States, said the agreement was critical to meeting nations’ climate commitments.
The United States and 21 other countries pledged on Saturday at the United Nations climate summit in Dubai to triple nuclear energy capacity by 2050, saying the revival of nuclear power was critical for cutting carbon emissions to near zero in the coming decades.
You won’t be surprised to hear that opinions about nuclear power are extremely polarized and every source seems to have an agenda to push. Will nuclear power help us save the environment and ourselves, or is it too dangerous and too expensive? Do thorium reactors or the small modular ones change the outlook? Is nuclear power green? That’s what we’ll talk about today.
Finland already had 2 nuclear power stations, generation 22% of Finland’s total electricity. Now a third is gradually coming online, adding an extra 14% capacity. In Finland, nuclear power is hardly controversial. Price tag: €5 billion (video), Wikipedia refers to a source that arrives at €11 billion. Main contractors: German Siemens and French Areva. Green light was given as early as 2005 with the intention to start producing in 2009, but with the usual massive time and cost overruns, early 2022 it is going to be.
