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China’s energy development: renewables now looking more likely than nuclear

sun-championAs China looks to energy solutions to reduce the air pollution choking its cities, to conserve water,flag-China and to rein in its carbon emissions, it is becoming clear that renewables offer a more expeditious path than nuclear power does. 

Wind Power Beats Nuclear Again in China. Earth Policy Institute, J. Matthew Roney. 5 Mar 15 “…………Even as it pursues the world’s most ambitious wind power goal, China also highly-recommendedundeniably has the world’s most aggressive nuclear construction program, currently accounting for 25 of the 68 reactors being built worldwide. Six reactors totaling 6 gigawatts of capacity went online in China in 2013 and 2014. Another reactor connected to the grid in January 2015, bringing national nuclear capacity to 20 gigawatts at 24 reactors. But to meet the government’s nuclear target of 58 gigawatts by 2020, China will not only need to complete the reactors now under construction—most of which are behind schedule—it will need to start and finish another dozen or so by then.

Several factors stack the odds against China meeting its nuclear power goal. After a massive earthquake and tsunami induced the 2011 nuclear meltdown in Fukushima, Japan, the Chinese government suspended approvals for new reactors as it conducted safety reviews of those operating and under construction at the time. The moratorium was lifted in late 2012, yet for more than two years no new reactors received permission to build. In February 2015, a nuclear plant in northeastern Liaoning province reportedly got the go-ahead for a two-reactor expansion. Once construction begins, it typically takes six years to complete a reactor in China (compared with one year or less for the average wind farm).

Further complicating China’s nuclear picture is that suitable real estate for new reactors along the coast—with ready access to cooling water—is in increasingly short supply. Following the Fukushima disaster, public opposition to reactors in China’s earthquake-prone inland provinces grew, prompting officials to put off consideration of proposed reactors in non-coastal provinces until 2015 at the earliest. Regardless of when the government decides to begin approving inland reactors, nuclear developers will face dwindling freshwater resources.

Perhaps the biggest question facing the future of nuclear power in China is the fate of the 1-gigawatt Sanmen reactor under construction in Zhejiang province. Designed by Westinghouse, this is a “Generation III” reactor billed as much safer than previous nuclear technologies, due to its earthquake and flood resistance features and its ability to continue cooling in the event of a prolonged loss of power. Sanmen is both the basis for Chinese-designed third generation reactors and a test case for the technology closely watched worldwide.

When construction got under way at Sanmen in 2009, completion was projected by the end of 2013. Blaming increased safety concerns and design changes post-Fukushima, the developer pushed this date back to 2015. Then in January 2015, the chief engineer of China’s State Nuclear Power Technology Corp., Wang Zhongtang, announced that Sanmen would not generate electricity until 2016, if that soon. As the project runs further behind schedule and goes further over-budget, more doubt is cast on the design’s ability to catalyze faster nuclear power growth in China.

China’s energy landscape is changing rapidly. Consumption of coal, which supplies about 75 percent of Chinese electricity, dropped nearly 3 percent in 2014, according to official datafrom China’s National Bureau of Statistics. Meanwhile, in addition to the impressive growth in wind power, China is quickly expanding its solar generating capacity. With 28 gigawatts by the end of 2014 and plans for another 15 gigawatts in 2015, China may overtake Germany for the top solar spot in a matter of months. As China looks to energy solutions to reduce the air pollution choking its cities, to conserve water, and to rein in its carbon emissions, it is becoming clear that renewables offer a more expeditious path than nuclear power does.

J. Matthew Roney is a Research Associate with Earth Policy Institute and co-author of The Great Transition: Shifting from Fossil Fuels to Solar and Wind Energy .  (W.W. Norton, 2015). Visit the Table of Contents to download Chapter Changing Direction, or pre-order your copy from the EPI Bookstore. More resources are available at www.earth-policy.org.

 

 

April 13, 2015 Posted by | China, ENERGY, renewable | Leave a comment

Financial success for investors who dumped holdings in coal, gas and oil

fossil-fuel-industryFossil fuel-free funds outperformed conventional ones, analysis shows, Guardian,  11 Apr 15  Investors who dumped holdings in coal, oil and gas earned an average return of 1.2% more a year over last five years, data from the world’s leading stock market index reveals Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world’s leading stock market index company,

MSCI, which runs global indices used by more than 6,000 pension and hedge funds, found that investors who divested from fossil fuel companies would have earned an average return of 13% a year since 2010, compared to the 11.8%-a-year return earned by conventional investors.

The figures indicate that if a major charitable institution or foundation with £100m in funds had divested from fossil fuels in November 2010 they would be around £7m better off today than if they had maintained their holdings in coal, oil and gas companies.

In total, a portfolio of shares with fossil fuel companies included has grown in value by 62.2% since 2010, but this compares to the 69.9% growth of a fund without fossil fuel investments.

The data will challenge the widespread belief among asset managers that divestment hurts the financial performance of investment funds……….http://www.theguardian.com/environment/2015/apr/10/fossil-fuel-free-funds-out-performed-conventional-ones-analysis-shows

April 13, 2015 Posted by | 2 WORLD, business and costs | Leave a comment

Connecticut’s sole nuclear under scrutiny for security issue

US nuclear regulators to review Millstone with state panel http://www.wfsb.com/story/28780712/us-nuclear-regulators-to-review-millstone-with-state-panel  Apr 12, 2015 

By Joseph Wenzel IV, News Editor WATERFORD, CT (AP) –

Federal energy regulators and a local oversight panel are set to meet to discuss safety issues at Connecticut’s sole nuclear plant.

Nuclear Regulatory Commission staff members and the state Nuclear Energy Advisory Council will meet in Waterford Tuesday to review operations at the Millstone nuclear plant.

Millstone’s Unit 3 is under heightened oversight due to problems related to the plant’s auxiliary water pump. It’s one of several used to help cool down the reactor.

The Nuclear Regulatory Commission announced increased oversight April 2. The agency didn’t disclose the security problem, but said Millstone’s problem rated a low-significance “greater than green” on a scale ranging from green for very low safety or security significance to red for high safety or security significance.

Unless the finding is successfully appealed, it will result in additional scrutiny. http://www.wfsb.com/story/28780712/us-nuclear-regulators-to-review-millstone-with-state-panel#ixzz3X8UtUviJ

April 13, 2015 Posted by | safety, USA | Leave a comment

Possible new device for detecting uranium and plutonium in cargo

Gamma-ray method flags up nuclear stashes Physicists investigating technique to enhance detection of uranium and plutonium in cargo. Gabriel Popkin 11 April 2015 It is a border-control agent’s nightmare: a terrorist sneaks uranium or plutonium through a seaport and into an urban centre, and uses it to set off a dirty bomb or a nuclear weapon.

On 13 April at the American Physical Society meeting in Baltimore, Maryland, physicists will present research on a cargo-screening technology that could foil such a plot. The researchers say that a device involving the approach, which would scan shipping containers with beams of precisely tuned γ-rays, would be safer and more effective than current technology. The device could be several metres tall and stationary, or a smaller, portable unit.

Although the nuclear reaction that produces these γ-rays was demonstrated as early as the 1950s, for decades, no one had tested it for use in nuclear inspection, says Richard Sheffield, a physicist at the Los Alamos National Laboratory in New Mexico who was not involved in the latest work. Sheffield calculates that the method could decrease the radiation needed to detect nuclear materials by more than ten times, and calls the work “a significant advance”…….. the official, who asked not to be named, noted that a practical system would require smaller accelerators than the researchers currently use. It would also need to be tested on cargo containers, and meet various criteria related to the cost and complexity of operation. The Department of Homeland Security or other sources might support such development, he said; a practical device could still be a decade away…….http://www.nature.com/news/gamma-ray-method-flags-up-nuclear-stashes-1.17300

April 13, 2015 Posted by | general | Leave a comment