RE: Armin Laschet24 Jan 2021 10:30
Hi ***,
The consensus is that Laschet will continue the energy policy set up by Merkel. It looks like the CDU have also an eye on keeping onside with the Greens, who are polling strongly in Germany at present, so no change likely in the near term.
There are dissenting voices, including Hans-Olaf Henkel, a German former MEP who stepped down last year, who states that one of Merkel's biggest mistakes was a hasty and costly departure from nuclear energy after Fukushima, resulting in Germany having by far the highest energy cost of all industrialised nations in the world. There are also concerns about Laschet's continued push towards federalism in the EU amongst other member states, plus his perceived pro-Russian stance in some quarters.
The position of the future of Nuclear energy worldwide however, is much more positive. Sama Bilbao y León, director general of World Nuclear Association states : "There are a few countries, including Germany, Belgium and Spain, that are contemplating the permanent shutdown of their existing fleet but on the other hand we have a very large number of countries, not only in Europe but all over the world, that are actually trying to expand [nuclear], for example, eastern European countries, and some of them for the first time, such as Poland. Also, the UK, France, Finland and the Netherlands are putting a strong focus on continuing nuclear,"
Therefore, the demand for Uranium will remain strong.
https://world-nuclear-news.org/Articles/The-real-challenges-to-nuclear-are-external,-says
There's some more Sunday reading here with a more specific focus on Spain and BKY. It touches on the important point of the doubtful legality of the proposed Uranium Mining ban - there is significant support for BKY from other mining industries in Spain.
"In order to receive a final approval, the processes in the Congress and the Senate must be consistent, and the proposed amendment must be supported by a majority of votes in both commissions.
While environmental groups and left-wing parties have joined forces to advocate for implementation of the ban, mining industry officials are now following steps to battle the approval of the ban.
A first step is already in progress as, with the proposed draft before the Congress, mining professionals are working to convince the deputies to vote against or modify the proposed text.
A final step for opponents of the ban would be to take it in front of the Constitutional Court, officially questioning its constitutional legality."
https://www.mining-technology.com/features/shock-waves-what-will-a-spanish-ban-mean-for-uranium-mining-in-europe/
Sign In
Follow the stocks
