WorldEuropeFrance bets €1bn on startups building small-scale nuclear reactors to fight climate...

France bets €1bn on startups building small-scale nuclear reactors to fight climate change

Type of event:
Nuclear Policies, Hazards & Sustainability

Victims

Wounded

Date

January 5, 2024

What happened

After years of trying to reduce its dependence on nuclear energy, France is betting big on the sector to help reach its climate goals. In fact, the French government has allocated 1 billion euros as part of the France 2030 plan to support nuclear projects and startups developing small-scale nuclear reactor technology. As part of the country’s current energy policy, the French government has already selected eight start-ups that will receive EUR 102.1 million in funding.

The reversal of the previous energy law – which foresaw a significant reduction in nuclear energy in favor of renewable energy – is a response to the rise in natural gas prices and the growing anxiety about climate change, media reports.

Where it happened

Main sources