Europe’s Nuclear Ambitions Face €241 Billion Funding Challenge

The European Union’s ambition to scale up nuclear energy as part of its 2050 climate neutrality goal will cost €241 billion ($280 billion), posing funding challenges, according to a draft document.

More than four-fifths of investment under that base-case scenario would go on building new reactors, taking the bloc’s capacity to 109 gigawatts by 2050, according to a draft of the European Commission’s Nuclear Illustrative Program seen by Bloomberg News.