Switzerland conducts a public vote on nuclear power
Switzerland is set to undergo a significant energy transformation, with a referendum scheduled for May 21st, 2023, on the "Energy Strategy 2050". This policy shift aims to reduce energy consumption, promote renewable energy, and phase out traditional energy sources like gas and coal.
The referendum comes amidst a controversial proposal to lift the ban on building new nuclear power plants, a move that reverses a 2018 decision to phase out nuclear energy. However, no specific new nuclear projects currently exist, and the major utility Axpo, which runs about 60% of Switzerland’s nuclear capacity, has stated it does not plan new construction without risk-sharing mechanisms due to high regulatory and financial risks.
The key focus of the energy reform is the gradual shutdown of all five nuclear power plants in Switzerland over the next few decades. The government, however, has kept open the option to build new nuclear plants if needed. The strategy continues to strongly pursue the expansion of renewable energy alongside any possible nuclear developments.
The anticipated impact on electricity prices and energy imports remains uncertain. Proponents argue that nuclear energy alongside renewables is essential to meet rising electricity demand, cut emissions, and stabilize the grid, which could imply attempts to reduce dependency on imports and volatile energy prices. Critics highlight that new nuclear plants come with high construction costs and financial risks, which could impact electricity prices negatively if those costs are passed on.
The "Energy Strategy 2050" also aims for a 43% reduction in average energy consumption per capita in Switzerland by 2035 compared to 2000 levels. The strategy proposes the cessation of building new nuclear power plants in Switzerland, and encourages the use of renewable and environmentally friendly energy sources.
Recent polls suggest that the number of supporters of the new energy policy is slightly higher than the number of opponents. The final outcome depends on the parliamentary process and possible 2026 referendum, with significant debate across political parties and cantons.
Investment is planned in the modernization of Swiss hydropower plants, a key renewable energy source in the country. The deficit in energy production is expected to be compensated by developing energy technologies based on renewable and carbon-neutral sources.
The "Energy Strategy 2050" is a comprehensive plan that seeks to balance energy security with cost and environmental considerations, setting Switzerland on a path towards a more sustainable and secure energy future.
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