Nina Commeau

Slide 1: Nuclear perspective in the EU Nina Commeau-Yannoussis, Adviser to the deputy Director General, European Commission Brussels, July 2d, 2008

Slide 2: The new context for nuclear industry Usual energy context New challenges or opportunities for nuclear energy

Slide 3: A. Usual context (1): increase of energy dependency 1600 1400 1358 1375 1301 1200 1213 1073 1000 975 933 946 937 896 mio toe 819 833 Production 800 749 770 Imports 730 725 698 690 600 400 200 0 1990 1995 2000 2005 2010 2015 2020 2025 2030

Slide 4: A. Usual context (2): Preserve global competitivity of the economy Index of Real Crude Oil Import Costs in National Currency Jap Japan USA EU

Slide 5: A. Usual context (3): Acceptable electricity prices and uncertainties of fuel costs 2000-2006

Slide 6: B. New challenges (1): meet the increasing elecricity demande Annual Evolution 3 2,5 2,49 2,38 2,22 2,1 2,03 2 1,7 GDP 1,5 1,5 Energy Electricity 1,2 1 0,8 0,6 0,6 0,5 0,4 0 1990-2000 2000-2010 2010-2020 2020-2030

Slide 7: B. Investments needs in te internal energy market(2) Electricity investments needs up to 2030 about 900 billions € (65% in generation capacity) Nuclear power has high capital costs and low variable costs its commercial viability depends critically on the cost of capital and the price of electricity

Slide 8: Results of IEA study : costs of new investment in electricity generation example of Germany-Discount rate 10 %. 100 90 80 70 60 50 Fuel, USD/MWhe 40 30 20 Operation and 10 maintenance, USD/MWhe 0 Hard Natural Nuclear Wind Investment, USD/MWhe coal gas

Slide 9: B. New challenges (3): climate change preoccupations G-8 Energy ministers meeting

Slide 10: New challenges (4): nuclear expansion in the rest of the world China, India, Japan, South Korea, Russia and USA Middle Est countries, North Africa etc Globally 28 nuclear power plant under construction, 35 are planned.

Slide 11: 1957-EURATOM Treaty 50 years after Euratom still in force

Slide 12: The Commission will continue its efforts to maintan the option open EU technology performance: Research– Euratom programme Ensure high standards for radiation protection, Safety and nuclear security (COM May 2008) Adequate funding for managment of waste and decommissioning (COM Dec 2007) Public access to reliable information transparancy and participation to décision making process

Slide 13: Preserve the technological edge : EURATOM Research Programme (FP7: 2007-2011) DG-Research DG-Research JRC indirect actions indirect actions direct actions Fusion Fission & Fission Radiation Protection 1947 M€ 287 M€ 517 M€ TOTAL EURATOM = 2751 M€

Slide 14: Ageing of nuclear power plant in Europe- neceesity of dismantling founds

Slide 15: Europeans appear to mildly appreciate certain features of nuclear energy