The backdrop couldn’t be more tense. According to an official statement of the International Energy Agency (IEA)the crisis in the Middle East and the blockade of the Strait of Hormuz have deteriorated crude oil markets to the point of forcing the release of emergency reserves.
In the midst of this climate of urgency, the president of the European Commission, Ursula von der Leyen, has broken a historical taboo. During the Nuclear Energy Summit held in Paris, Von der Leyen has intoned the continental ‘mea culpa’: “Europe made a strategic mistake by moving away from a reliable and affordable source of low-emission energy.”
The Brussels diagnosis. According to German Wellepoints out that electricity prices in Europe are “structurally too high” and hamper competitiveness. In 1990, a third of European electricity came from the atom; today it is only 15%. In fact, the former Energy Commissioner, Kadri Simson, warned of “serious problem” What it will mean for Europe to disconnect 98 nuclear reactors in the short term without solid support.
200 million euros for the atom. To correct this “error”, Von der Leyen has put 200 million euros on the table from the EU Emissions Trading Scheme. But here we must make a fundamental stop to understand the debate: this money is not destined to build traditional macro nuclear power plants like the ones we know, but to the Small Modular Reactors (SMR).
It is not nuclear as we know it. As detailed Spanish Radio Television (RTVE), the new strategy seeks to reduce risks for private investors and create “regulatory sandboxes” for these SMRs to be operational in the early 2030s. This nuance dismantles much of the current noise: Spain is closing traditional first and second generation reactors that have exhausted their design life. The EU is not betting on reviving that old model, but rather on financing SMR technology that is not yet commercially viable on a large scale.
France: sovereignty on the lectern, protectionism on the border. The great winner of this turn is Emmanuel Macron. Coinciding with the 15th anniversary of Fukushima, the French president defended in Paris that nuclear power is Europe’s shield against hydrocarbon blackmail. However, behind this speech lies a fierce protectionist strategy, since France acts as an electrical “plug”. While Germany pays more than €100/MWh for electricity and Spain or Portugal register zero or negative prices due to their enormous wind and solar production, France blocks the Pyrenean interconnections.
Paris needs to make profitable at all costs an investment of 300 billion euros in its nuclear park. Passing up Iberian solar energy would put downward pressure on its prices. Thanks to this wall, France has broken his record exporting 92.3 TWh to its northern neighbors, pocketing 5.4 billion euros, while criticizing the Spanish model as “unstable.”
And the situation in Spain. On the one hand, the Peninsula is the continent’s gas lifeline. The country owns 35% of the LNG storage capacity of the EU thanks to its seven regasification plants. But this fortress has run into a diplomatic obstacle. Following President Pedro Sánchez’s refusal to support the military offensive in Iran (under the slogan “No to war”), the United States has threatened Spain with a trade embargo. Taking into account that the US supplied 44.4% of Spanish gas in January 2026, the consequences could be notable: analysts predict increases of up to 18% in the gas bill and 17% in electricity bills.
To escape this fossil dependence and not waste renewable energy when prices fall to zero, Spain has activated a shock plan silent. In a single month (January 2026), Spain connected 57 megawatts worth of batteries to the electrical grid, more than in the previous three years combined, preparing to store its cheaper energy.
The decline of the green agenda? Von der Leyen’s turn is not only energetic, it also has deep political significance. In an opinion column in The Countryjournalist Claudi Pérez accuses the president of the Commission of inoculating a “Trumpist virus” in the EU. By stating that Europe “can no longer be the guardian of the old world order”, Brussels relegates the green agenda and the rules-based international order to the background, moving towards a more militaristic and deregulatory vision. This discontent was highlighted with the protest of Greenpeace activists breaking into the Paris summit shouting “Nuclear energy fuels war.”
Europe finds itself trapped in an unsustainable contradiction: it showers public money on nuclear promises for the next decade, assuming the risks of foreign uranium, while blocking its borders from the sun and southern winds that already produce cheap energy today.
Image | Audiovisual Service and Clickgauche
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