I learned from that consultation document that nuclear provides for two thirds of low carbon electricity in the EU (probably mainly because of the high French nuclear share).
They also have a table looking at the amount of insurance the various Member States require. These amounts are not the same everywhere. The smallest amount is EUR 43.9 million in Croatia (Member State since July of this year), and the biggest is EUR 2.5 billion in Germany.
Even EUR 2.5 billion is not quite sufficient. Therefore, the Commission has proposed discussing these questions, with a view to adapting legislation, last fall. This public consultation is the first step in that process.
If the result of that is to require unlimited insurance coverage for nuclear accidents, that would be the end of nuclear energy in the EU right there. As Munich Re Board Member Torsten Jeworrek remarked last October when this question popped up first, the insurance industry would be unable to offer unlimited coverage. They can only provide coverage up to certain limits, though these could be set considerably higher than in the past.
That in turn means that as far as there is a gap between the amount of damage payments actually needed after a severe accident and the minimum insurance coverage mentioned above, the taxpayer will need to cover those damages. This has the effect of making nuclear energy look cheaper than it actually is.
It will be interesting to see if there is any EU legislation on this question.