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Friday, February 3, 2023

Ukraine war delays Belgium’s nuclear energy exit

EconomyUkraine war delays Belgium's nuclear energy exit

Brussels (Times Of Ocean)- The war in Ukraine delays Belgium’s nuclear energy exit by ten years. In response to rising energy prices following Russia’s invasion of Ukraine, Belgium is delaying its plan to phase out nuclear power by 2025.

According to the Belgian premier, the extension will help the country maintain its independence from fossil fuels in a turbulent geopolitical environment.

“The federal government has decided to take the necessary steps to extend the life of two nuclear reactors by 10 years,” Prime Minister Alexander De Croo said in a statement on Friday.

“This extension will strengthen our country’s independence from fossil fuels in a turbulent geopolitical environment.”

Belgian officials revealed a plan last year to decommission its nuclear power plants by 2025. However, global energy supplies have become uncertain due to the Russia-Ukraine war, which forced the government to postpone the plan.

De Croo said that two of Belgium’s seven nuclear reactors, one near Antwerp and the other near Liege, would be extended by a decade.

Also, two natural gas power plants will be built by the government, he said.

A further €1 billion ($1.10 million) will be invested in wind and solar energy projects in Belgium, according to De Croo.

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