France Announces US$1.43 Billion Investment in Nuclear Energy (via the L.A. Times)

Reporting from Paris—French President Nicolas Sarkozy announced a $1.43-billion investment in atomic power Monday, going against Europe’s antinuclear tide following the Fukushima disaster in Japan. Despite growing safety concern among neighboring countries, Sarkozy said abandoning the development and building of new nuclear reactors made no sense. “There is no alternative to nuclear energy today,” he told reporters. Sarkozy also promised “substantial resources” to strengthen research into nuclear safety and a further $1.85-billion investment in renewable energy sources, including solar and wind power.
The announcement came as Germany drew up plans to shut all 17 of its nuclear stations by 2022, bowing to concerns about the safety of atomic power after the earthquake and tsunami that damaged the Fukushima Daiichi plant in March, releasing radioactivity into the environment.

Read the full article at the L.A. Times.


About japanatchicago

Associate Director for Japan, Center for East Asian Studies, University of Chicago
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5 Responses to France Announces US$1.43 Billion Investment in Nuclear Energy (via the L.A. Times)

  1. entrepreneur says:

    France’s investment policy was considered well-balanced. We have to depend on nuclear energy and this situation will continue a few decade or more. We need more investment on safe technology of nuclear power plant.
    And we also have to seek better technology than nuclear technology. If there are safer,more reliable,cheaper technology, we should invest our resources such money,time,human on them. Now solar power and wind power are attracted attention after Fukushima’s nuclear accident. It is certainly that they are safer.But it will take a long time to be major energy source. How can we predict hours of sunlight and wind strength. There are many problems we have to solve. Investment on these new energy is still necessary.

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