Nuclear sector contributes $286.8b annually to EU's economic output

A nuclear power generating capacity of 200 GWe would reap widespread economic benefits throughout the European Union (EU), sustaining almost two million jobs and hundreds of billions in additional economic output, tax revenues and household income, according to a report commissioned by Brussels-based nuclear trade body Nucleareurope, according to World Nuclear News.

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Currently, with a generating capacity of around 106 GWe, the EU's nuclear sector contributes EUR251.2 billion ($286.8 billion) per year to the bloc's economy and generates yearly public revenues of about EUR47.6 billion, the study says. In addition, more than 883,000 jobs are sustained in the EU each year through the nuclear sector.

Nucleareurope commissioned Deloitte to analyse the contribution of the nuclear power sector to the overall economy of the European Union. It assessed current economic and social benefits generated directly through the nuclear industry and effects resulting from the nuclear sector's economic activities throughout the EU. The analysis was conducted to show both the current impact of the industry and provide a measurable outlook on its future benefits up to 2050.

The Economic and Social Impact Report focuses on the three installed nuclear capacity scenarios for 2050 included in the 2024 report developed on behalf of Nucleareurope by Compass Lexecon: IOO GWe, 150 GWe and 200 GWe.