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The News That Matters about the Nuclear Industry

Nuclear power cannot curb Climate Change – theme for July 2014

In recent themes I wrote about nuclear power being in fact a big contributor to global warming,  and about how climate change will in fact finish off the nuclear industry.

But – let’s pretend that nuclear reactors really could reduce greenhouse gas emissions.

TIME: To do that, 1500 one thousand megawatt-electric new reactors would be needed within a few yeas to displace a significant amount of carbon-emitting fossil generation

A Massachusetts Institute of Technology Study on “The Future of Nuclear Power”   projected that a global growth scenario for as many as 1500 one thousand megawatt-electric new reactors would be needed to displace a significant amount of carbon-emitting fossil generation. Average 115 built per year would reduce our CO2 use by only 16%.

When we talk about Small Modular Nuclear Reactors – that 1500 reactors needed translates to millions, (and these SMRs are already shown to be more costly than large ones,)

COSTS: historically and now, the costs of the nuclear industry are staggering. Cost estimates have increased in the past decade from $1,000 to $7,000 per kW installed. And that’s before additional costs – e.g new safety measures, decommissioning are added. U.S. Vogtle project  originally budgeted at $660 million, by 2013 cost $9 billion.   Rating agencies consider nuclear investment risky and the abandoning of nuclear projects explicitly “credit positive”.

Meanwhile – if the nuclear “climate cure” were to be pursued, the enormous costs and efforts involved would take away from the clean, fast, and ever cheaper solutions of energy efficiency and renewable energy.

climate-change-time

 

 

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June 28, 2014 - Posted by | Christina's themes, climate change

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