Swedish MPs back financing for new nuclear reactors

Summary

Sweden’s parliament has approved a bill to fund a new generation of nuclear reactors, essential for energy security and achieving net zero emissions by 2045, with plans for four large-scale reactors or equivalent small modular reactors (SMRs). The government aims to have half of the capacity, approximately 5000 megawatts, operational by 2035, emphasizing that nuclear power is vital for meeting rising electricity demand and supporting key industries. Critics argue that nuclear energy may be too expensive and slow to implement, potentially hindering the growth of cheaper renewable sources like wind and solar.

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