A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February.
Lennart Preiss | Getty Images News | Getty Images
Nuclear has a role to play in the years ahead but it should not be seen as a “transformational” technology, according to Goldman Sachs.
The comments from Michele Della Vigna come after a recent report from Goldman Sachs Research looked at whether Europe could bolster its energy independence following Russia’s unprovoked invasion of Ukraine, without compromising on goals related to climate change.
Among other things, the report said 10 trillion euros (around $10.23 trillion) of investment would be required by 2050 for what it called “Europe’s energy transformation.” This would be offset by a 10 trillion euro cut in net…