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Fukushima the last chapter in dying nuclear industry

“The nuclear industry was arguably on life support before Fukushima. When the history of this industry is written, Fukushima is likely to introduce its final chapter,”New Worldwatch Report Previewed in Berlin    

To obtain a free copy of the draft report, click here

http://www.worldwatch.org/system/files/NuclearStatusReport2011_prel.pdf

Berlin, Germany—The future of nuclear power was bleak even before the Fukushima disaster, said energy expert Mycle Schneider Wednesday at a press conference in Berlin, where he previewed an upcoming Worldwatch Institute report on the outlook of nuclear power.

“The industry was arguably on life support before Fukushima. When the history of this industry is written, Fukushima is likely to introduce its final chapter,” said Schneider, lead author of the new report, which was previewed in Berlin today at an event hosted by the Heinrich Böll Foundation.

Preliminary findings from the World Nuclear Industry Status Report 2010-2011: Nuclear Power in a Post-Fukushima World, which will be released around the 25th anniversary of the Chernobyl disaster, point to a bleak future for the nuclear industry. Nuclear reactor startups have been in steady decline since the 1980s, with only China bucking the trend in recent years. China, which has frozen all new projects since the Fukushima crisis started, already has 4.5 times more installed wind power than nuclear capacity and in 2011 will likely generate more electricity from wind than from its reactors.

Meanwhile, world total nuclear generating capacity has remained roughly steady for the past 20 years, while the actual output has declined slightly. In contrast, output from wind, solar, and biofuels experienced tremendous growth over the same period. Furthermore, many of the world’s nuclear plants are fast approaching the end of their viable lifespan, increasing the likelihood that the share of electricity from nuclear power will decline in the coming decades. The Fukushima disaster will make it increasingly difficult for operators to argue for lifetime extensions.

“U.S. news headlines often suggest that a ‘nuclear renaissance’ is under way,” said Worldwatch President Christopher Flavin. “This was a big overstatement even before March 11, and the nuclear disaster in Japan will inevitably cause the governments and companies that were still considering new nuclear units to reassess their plans. The Three Mile Island accident caused a wholesale reassessment of nuclear safety regulations, massively increased the cost of nuclear power, and put an end to nuclear construction in the United States. For the global nuclear industry, the Fukushima disaster is an historic—if not fatal—setback.”

April 19, 2011 - Posted by Christina Macpherson | Uncategorized