11-20-Nuclear in Europe. Latest Developments-Mrs.Jessica Johnson

TRADITIONAL INTERNATIONAL NUCLEAR CONFERENCE BULGARIAN NUCLEAR ENERGY

Jessica Johnson, FORATOM Communications Director 2

FORATOM

www.foratom.org | [email protected] | 3 Who we are

FORATOM acts as the voice of the European nuclear industry in energy policy discussions with EU Institutions and other key stakeholders.

www.foratom.org | [email protected] | 4 Membership

The membership of FORATOM is made up of 15 national nuclear associations representing more than 3,000 companies.

Belgium Slovakia Bulgaria Slovenia Finland Spain France Sweden Hungary Switzerland Italy Ukraine Netherlands United Kingdom Romania

CEZ (Czech Republic) and PGE EJ 1 (Poland) are Corporate Members 5 Key topics

EU Energy Policy: Nuclear technology: Communication: • Economics of nuclear • New build projects • Nuclear advocacy • EU energy mix • Nuclear safety • Perception of nuclear energy • Environment • Nuclear transport • Promotion of nuclear energy • Euratom Treaty • R&D • Public opinion • Security of energy supply • Waste disposal • Young generations in nuclear • Special projects - Brexit

NUCLEAR IN THE EU

www.foratom.org | [email protected] | 7 Key messages on nuclear

Nuclear energy contributes to all the Environmental: Energy Union’s key energy objectives • Low-carbon energy source • Low environmental impact (land & resource use)

Economic: • €102Bn turnover/year in Europe • 3000+ companies • 1,300,000 jobs in Europe

Security of energy supply: • Reliable baseload electricity at affordable cost • Flexibility of dispatch required to balance renewables

www.foratom.org | [email protected] | 8 Materials throughput by type of energy source

www.foratom.org | [email protected] | 9 Land use

www.foratom.org | [email protected] | 10

ROLE OF NUCLEAR IN A DECARBONISATION STRATEGY

www.foratom.org | [email protected] | 11 Nuclear energy in the EC strategy (Nov 2018)

EC Communication*:

“Renewables together with nuclear energy will be the backbone of a carbon-free European power system”

EC in-depth analysis**:

• Nuclear will remain an important component in EU 2050 energy mix • Capacity of nuclear in 2050 – between 99-121 GW • Share of nuclear in the electricity mix in 2050 – ca. 15%

* https://ec.europa.eu/clima/sites/clima/files/docs/pages/com_2018_733_en.pdf www.foratom.org | [email protected] | ** https://ec.europa.eu/clima/sites/clima/files/docs/pages/com_2018_733_analysis_in_support_en_0.pdf 12 European Commission next steps

1. The European Commission invited the following institutions to consider the EU vision for a climate neutral Europe by 2050: • European Council • European Parliament • Committee of the Regions • European Economic & Social Committee 2. In order to prepare EU Member States for shaping the future of Europe at the May European Council, ministers in all relevant Council formations should hold extensive policy debates on their contribution to the overall vision. 3. The strategy is an invitation to all EU institutions, national parliaments, business, NGOs, cities, communities & citizens to participate.

www.foratom.org | [email protected] | 13 EC LTS on a “just transition”

“The aim of the long-term strategy is to present a vision that can lead to achieving net-zero GHG emissions by 2050 through a socially-fair transition in a cost-efficient manner”

“The strategy underlines the opportunities that this transformation offers to European citizens and its economy”

“The ensuing deep modernisation process will have to be managed well, ensuring a fair and socially acceptable transition for all in the spirit of inclusiveness and solidarity”

“The social consequences of the transition cannot be addressed post factum. Both the EU and the Member States must take into account social implications from the outset and deploy all relevant policies to the fullest to mitigate this challenge”

www.foratom.org | [email protected] | 14 Benefits of having a 25% nuclear share in 2050*

Sustainability Economy Energy Security

 Allowing the EU to meet its  High residual investment  85-90% capacity factor = a climate goals value (avoiding reducing reliable source of

 700 million t. of CO2 avoided the value by €1 trillion) electricity per year (it emits 30x less  Mitigation of the cost  Decreased dependence

CO2 than gas, 65x less than impact of the low-carbon on fossil fuels imports coal, 3x less than solar) transition on customer  System flexibility much  Compliance with air quality cost by €350bn needed to support the standards  Reducing network & RES developments  No need for vast volumes of balancing costs by  Limited reliance on yet- land / raw materials 160bn€ to-be-proven technologies  Positive & significant impact on jobs, GDP, revenues, etc.

www.foratom.org | [email protected] | *FTI study “Pathways to 2050”

SUSTAINABLE FINANCE

www.foratom.org | [email protected] | 16 Overview of initiatives at EU level

. Nuclear power stations excluded InvestEU . Justification: EURATOM

. Taxonomy: EP & Council SFI . Technical Experts Group . Push to exclude nuclear

. Responses to consultation EIB . Nuclear eligible, but politicallly challenging to get approval

www.foratom.org | [email protected] | *FTI study “Pathways to 2050” 17

Nuclear: powering the economy. Carbon-free growth, jobs and leadership in innovation - Deloitte

www.foratom.org | [email protected] | Key messages of The Report Besides playing a key role in decarbonization, nuclear industry would enhance economic welfare at National/ European level

Impact Report as an Nuclear characteristics: low instrument for key decision carbon technology, labor makers: reliable forecast and intensive, highly skilled measurability of future workforce, cost competitive; key benefits deriving from a cost drivers include reactor nuclear capacity of 150 GW construction and labor force throughout the European during operation phase Union

A High Scenario with 150 GW Nuclear power generation nuclear capacity would entail mitigates the environmental additionalThe economic economy growth competitiveness and footprint of the European employmentis indriven the nuclear by prices power system and could play a sector, (investmentsits supply chain in infrastructure)and the key role in achieving the EU EU economy as a whole decarbonization target Background The analysis was conducted by Deloitte on behalf of FORATOM, taking into consideration the EU context and certain prerequisites for the nuclear sector EU CONTEXT PREREQUISITES

 In 2016, the European Union reaffirmed its  95% decarbonization of the energy mix in commitment to decarbonize its energy mix 2050 compared to 1990  - 45% target below 2005 levels for EU GHG  Electrification of the European economy: 2050 emissions in 2030, by 2050 – net zero demand forecast is projected to reach around  Growing role of electricity, as its share in final 4,100TWh, compared to 3,100 TWh today energy consumption is expected to increase  The study is focused on a period of 30 years for from 20% in 2015 to more than 40% by 2050 the analyzed scenarios, starting with 2019  Besides advantages resulting from low-carbon  The historical input data was collected from technology and increased security of supply, available public sources (EC, EP, Eurostat, IAEA, nuclear generation has positive impact on ISCO, WNA) and Deloitte data affiliated industries and the economy as a whole  The forecasts were projected based on FTI  A stable regulatory environment and assumptions regarding the evolution of the market design are crucial for triggering EU nuclear industry investment decisions and successful execution of nuclear projects IMPACT ON

Public Employment revenues Disposable GDP household income Trade balance Overview of results The nuclear sector has today a significant impact on the European economy, supporting over 1.1 million jobs throughout the 28 MS 2019 IMPACT

507.4 in EU GDP generated by nuclear sector, equal to a 3 – 3.5% share of 2019 EU GDP bn. EUR

average number of jobs sustained by the nuclear sector 1,129,900

of the total number of jobs in the nuclear industry are 47% highly skilled, equaling a number of 531,900

© 2019. For information, contact Deloitte Romania Overview of results In a high capacity scenario, the nuclear sector will have a significant impact on the European economy as a whole, creating annually over 1.3 million jobs

2020 2050 575.9 in EU GDP generated annually by nuclear sector, equal to a 1.5 - 2% share of EU GDP bn. EUR

average number of jobs generated and maintained 1,321,600 annually by the nuclear sector

of the total number of jobs in the nuclear sector will be 45% highly skilled, equaling a number of 595,600

2019 average impact

9,600 Construction 351,900 direct jobs in power plants and the nuclear fuel cycle throughout 258,600 Operation the EU, out of which

83,700 Decommissioning

© 2019. For information, contact Deloitte Romania * includes operation in power plants and nuclear fuel cycle Job creation Sustained direct jobs in construction and operation and decommissioning phases

2020 2050 143,400 Construction 344,000 direct jobs annually in power plants and the nuclear supply 155,800 Operation chain throughout the EU in the EU, out of which 44,800 Decommissioning

© 2019. For information, contact Deloitte Romania * includes operation in power plants and nuclear fuel cycle Impact of nuclear, wind and hydro industries on the EU economy The nuclear sector provides more jobs per installed GW and has a larger impact on the GDP than the other two clean energy sectors

1 GW INSTALLED 1) CAPACITY 1 GW GENERATES…

2030 IMPACT

2.9 Nuclear 6,088 Nuclear

0.3 Wind 1,805 Wind bn. EUR in the Jobs in the EU GDP [VALUE] 0.2 Hydro Hydro economy

1) With capacities of 128.5 GW (Nuclear), 397 GW (wind) and 263 GW (hydro) in 2030

© 2019. For information, contact Deloitte Romania Impact of nuclear, wind and hydro industries on the EU economy The nuclear sector provides more jobs per installed GW and has a larger impact on the GDP than the other two clean energy sectors

1 TWh PRODUCED 1) ELECTRICITY 1 TWh GENERATES…

2030 IMPACT

0.36 Nuclear 772 Nuclear

0.10 Wind 635 Wind

0.07 Hydro bn. EUR in the [VALUE] Hydro Jobs in the EU EU GDP economy

1) Electricity generation 1,013 TWh (Nuclear), 1,129 TWh (wind) and 700 TWh (hydro) in 2030

© 2019. For information, contact Deloitte Romania Share of the nuclear industry and other economic sectors in the EU GDP The nuclear sector has a significant current share in EU GDP, compared to other economic sectors

CURRENT IMPACT [%]*

4.76%

3.30% share in EU GDP

1.45% 1.13% 0.94% 0.48% 0.23%

Construction Nuclear Motor Rubber, Chemicals Basic metals Water vehicles plastic collection, products treatment and supply

PUBLIC ACCEPTANCE

www.foratom.org | [email protected] | 30 Why is public acceptance important at EU level

“The public is against nuclear – and so EU legislation should be too”

www.foratom.org | [email protected] | 31 But is this true?

www.foratom.org | [email protected] | 32 Ideology is gradually taking a back seat

Climate Raw Biodiversity change materials

Union of IPCC IEA Concerned Scientists

www.foratom.org | [email protected] | 33

EUROPEAN PARLIAMENT ELECTIONS

www.foratom.org | [email protected] | 34 Bulgarian MEPS

Name National Party EP Group

Elena Yontcheva Bulgarian Socialist Party S&D

Petar Vitanov Bulgarian Socialist Party S&D

Tsvetelina Penkova Bulgarian Socialist Party S&D

Ivo Hristov Bulgarian Socialist Party S&D

Sergei Stanishev Bulgarian Socialist Party S&D

Angel Dzhambazki IMRO (VMRO) ECR

Maria Gabriel GERB EPP

Andrei Kovachev GERB EPP

Andrei Novakov GERB EPP

Eva Maydell GERB EPP

Asim Ademov GERB EPP

Petar Slabakov IMRO (VMRO) ECR

www.foratom.org | [email protected] | 35 Bulgarian MEPs

Name National Party EP Group

Alexander Yordanov Union of Democratic Forces EPP

Radan Kanev Democratic Bulgaria EPP

Ilhan Kyuchyuk Movements for Right and Freedom ALDE

Iskra Mihaylova Movements for Right and Freedom ALDE

Atidzhe Alyieva-Veli Movements for Right and Freedom ALDE

www.foratom.org | [email protected] | 36

COMMUNICATING ON NUCLEAR

www.foratom.org | [email protected] | @FORATOM_nuclear

FORATOMnuclear

FORATOM

www.foratom.org | [email protected] | Overview of results The nuclear sector has today a significant impact on the European economy, supporting over 1.1 million jobs throughout the 28 MS 2019 IMPACT

507.4 in EU GDP generated by nuclear sector, equal to a 3 – 3.5% share of 2019 EU GDP bn. EUR

average number of jobs sustained by the nuclear sector 1,129,900 of the total number of jobs in the nuclear industry are 47% highly skilled, equaling a number of 531,900

383.1 disposable household income due to the activities of bn. EUR the EU nuclear industry

124.2 public revenues generated through tax payments bn. EUR due to the nuclear sector

18.1 trade surplus within EU due to the nuclear sector © 2019. For information, contact Deloitte Romania bn. EUR Overview of results In a high capacity scenario, the nuclear sector will have a significant impact on the European economy as a whole, creating annually over 1.3 million jobs

2020 2050 575.9 in EU GDP generated annually by nuclear sector, equal to a 1.5 - 2% share of EU GDP bn. EUR average number of jobs generated and maintained 1,321,600 annually by the nuclear sector

of the total number of jobs in the nuclear sector will be 45% highly skilled, equaling a number of 595,600

490.9 average disposable household income per year due to the activities of the nuclear sector bn. EUR average state revenues generated annually through 110.2 tax payments deriving from the European nuclear sector bn. EUR average trade surplus generated annually within the 33.5 European nuclear sector © 2019. For information, contact Deloitte Romania bn. EUR