Consequences of a Nationalised EDF in France:
For or Against Atom Energy?
The energy sector in France has been turned upside down as the government declared its 9.7 milliards offer to EDF (Électricité de France). France currently obtains 70 percent of its energy from nuclear resources, all provided by EDF. Now, the French government would like to further extend its ownership and buy the remaining 15 percent of the company’s shares.
The company to be bought is the largest supplier of zero carbon electricity in Britain; consequently Britain’s energy sector is also affected to an extent (which is yet unknown) by the new deal on the table.
The French government's intention is to expand atomic energy usage and build several more atomic generators as Mr. Macron announced; opposite to Germany where the initiative of closing nuclear generators has been becoming a reality over the past years.
The conflicting views of these two significant states in Europe poses as a great example of the nuclear energy dilemma. The issue starts with the urgent need for alternative energy in regards to the ongoing climate crises.
Providing alternative energy resources to fully cover needs is a tough case; however, looking at the ongoing heat wave across the globe, it is more urgent than ever to take action in the matter. In this regard, nuclear energy is a clean way to slow environmental degradation. Moreover, applying atom generators creates jobs and aids the maintenance of national security by advocating peaceful uses of atom reactors.
On the other hand, concerns have been also circulating regarding the usage of atomic generators. The “green-washing” of nuclear energy causes a dilemma as to whether it is more “acceptable” than exploiting carbon resources to the exhaustion. The issue comes with the lack of proper treatment, both in the transportation and control of radioactive waste.
As a result of the listed backdraws, Germany is phasing-out nuclear power usage despite all obstacles that came with the war in Ukraine. Even though the country is highly dependent on Russia’s exports, they are planning to stick with the decade-old plan and closing all three of its remaining plants.
So, is the direction of France or Germany to dictate the right approach to the current energy crisis in Europe? Should we focus on low energy prices with the focal point of the now? Or should we shift our focus to the saving of our planet in the long-run?
The intention of the French cabinet is to ease the situation of habitants by lowering energy prices and to depend less on Russian supply. Nevertheless, it is turning its back on EDF’s deficit problems and on the issues with nuclear energy management.
Conversely, Germany, which has been highly dependent on Russian fossils, is now forced to find its way to alternative resources, while still standing by its current plan of terminating nuclear reactors. Admittedly, Germany and its habitants find themselves in a tight position, but necessity always creates innovation.
Edited by: Tom Culf
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