Publicatie Laka-bibliotheek:
EIB and financing nuclear energy

AuteurEuropean Investment Bank
6-04-0-60-09.pdf
Datumjuli 2007
Classificatie 6.04.0.60/09 (SAMENWERKINGSVERBANDEN - IMF / WB / IEB)
Voorkant

Uit de publicatie:

                                                                                        Briefing Note

                                                                            Luxembourg, 19 July 2007




                             EIB AND FINANCING OF NUCLEAR ENERGY



EU energy policy developments

Energy has been prominent on the EU policy agenda in recent years. It has become a key item in the
work of the Commission and the Council, with continuity ensured between successive Presidencies.
The Commission’s Green Paper “A European Strategy for Sustainable, Competitive and Secure
Energy”, endorsed by the Council in March 2006, gives the key objectives in energy. Following this,
the Commission released in January 2007 the communication “An energy Policy for Europe”. In this
context, the Commission also published a new Nuclear Illustrative Programme.

Based on the Commission’s communication the European Council of 8-9 March 2007 adopted a
comprehensive energy action plan “Energy policy for Europe” for the period 2007-2009. Under this
action plan the EU is committed to achieve at least a 20% reduction of greenhouse gas emission by
2020 compared to 1990. The European Council also endorsed a binding target of a 20% share of
renewable energies in overall EU energy consumption by 2020, supplemented by a binding minimum
target of 10% for the share of biofuels in the petrol and diesel consumption for transport. Furthermore,
the European Council stresses the need to increase energy efficiency in the EU so as to achieve the
objective of saving 20% of energy consumption compared to projections for 2020.

Recalling that the “Energy policy for Europe” will fully respect Member States’ choice of energy mix,
the European Council noted the Commission’s assessment of the contribution of nuclear energy in
meeting the growing concerns about safety of energy supply and CO2 emissions reductions while
ensuring that nuclear safety and security are paramount in the decision-making process. The
Europ