AREVA’s new entity NewCo struggles with unprofitable uranium mine in Niger
Romandie 31st Oct 2017,[Machine translation] NewCo, Areva’s entity resulting from the
restructuring of the nuclear group refocused on the fuel cycle, has had to
depreciate some of its assets, particularly the uranium mine Imouraren in
Niger, according to a statement released Tuesday.
NewCo published Tuesday its accounts for a shortened eight-month period (from January 1 to August
31, 2017), a decision taken as part of the restructuring of the group and
the exit of this entity from the tax consolidation perimeter so far
constituted around Areva SA. Although the published financial results
cannot be compared to the previous year of 12 months, the group
nevertheless indicated that it had spent 256 million euros in new
impairments between 30 June and 31 August.
Among them, 210 million euros concern mining assets, including 178 million euros for the only Imouraren
mine in Niger. The exploitation of this gigantic mine has been in abeyance
for several years, for want of a favorable conjuncture in civilian nuclear
power. Areva had already depreciated this asset twice, in 2015 and 2016, by
respectively 194 and 316 million euros. The new impairment losses are
linked to “both the unfavorable change in the euro-dollar exchange rate and
the unfavorable change in market price expectations” (of uranium), the
group said.
Armenia’s antiquated Metsamor nuclear power plant
Washington Post 1st Nov 2017, About 20 miles from Armenia’s capital city of Yerevan sits the antiquated
Metsamor nuclear power plant. The plant (located in a town also called
Metsamor) has long been a cause for concern for at least two reasons: It
was built without containment vessels, and it sits in a seismic zone.
In fact, it was closed in 1989 after a devastating earthquake hit nearby. In
2011, National Geographic even suggested that it might be the world’s
most dangerous nuclear plant. According to a 1995 Washington Post article,
the plant was reopened because Armenia was desperate to have energy after
its neighbor, Azerbaijan, imposed an energy blockade. According to the
article, back then, “As many as one-third of Armenia’s 3.6 million
people have left, for months at a time or longer, because winters are
unbearable and factories stand idle.”
Despite the risks, the power plant is still open, and people still live in the town created for the plant’s
workers. There seem to be few alternatives, considering that the plant
produces a significant chunk of the country’s energy. According to the
World Nuclear Association, the power plant provided 31 percent of the total
electricity for the country in 2016.
https://www.washingtonpost.com/news/in-sight/wp/2017/11/01/is-this-place-in-the-shadow-of-the-worlds-most-dangerous-nuclear-plant/?utm_term=.83bb69b1015d
Record breaking wind energy in Europe: Germans got electricity for free
Independent 1st Nov 2017, Germany generated enough wind power at the weekend for consumers to get
free energy. So much was generated by wind turbines in weekend storms that
costs fell to below zero. Bloomberg reported that power prices turned
negative as wind output reached 39,409 megawatts on Saturday. To balance
supply and demand in this situation, energy producers close power stations
or pay consumers to take extra electricity from the network.
Ahead of the weekend, Bloomberg said it would be the first whole day this year that the
average price for electricity was negative, rather than just being negative
for a few hours. Wind Europe, which promotes wind power in Europe and
globally, said in a press release that European wind energy broke a new
record on 28 October.
http://www.independent.co.uk/news/business/news/germany-wind-power-free-energy-consumers-weekend-surplus-a8031141.html
British navy has to take parts from some vessels to maintain others, especially submarines
Scotsman 1st Nov 2017, The Royal Navy is increasingly forced to strip parts from its vessels in
order to maintain other ships and submarines in the fleet, an investigation
has found. Equipment “cannibalisation” increased 49% from 2012 to 2017
and spending watchdog the National Audit Office (NAO) said budget cuts in
the last two years could have increased the need to move parts between
vessels and naval helicopters.
Nuclear-powered Astute-class hunter-killer
submarines, some of the most modern and advanced vessels in the Royal Navy,
experienced the highest level of cannibalisation in the fleet with 59
instances per boat on average.
http://www.scotsman.com/news/politics/britain-s-nuclear-submarines-reliant-on-spare-parts-1-4601926
Woods Hole Oceanographic Institution finds radioactivity from 9146-1958 nuclear bomb tests is still lingering
The WHOI research team also compared the radioactive contamination at the Marshall Islands to the contamination found today near Fukushima in Japan in the aftermath of the Dai-ichi Nuclear Power Plant disaster. “In contrast to Fukushima, where cesium is the most abundant radionuclide of concern, in these atolls, the focus should be on plutonium, given its significantly high levels,” said WHOI radiochemist Ken Buesseler.
Radioactivity Lingers from 1946-1958 Nuclear Bomb Tests http://www.whoi.edu/news-release/radioactivity-lingers-from-1946-1958-nuclear-bomb-tests Scientists sample remote Pacific atolls with new tools to measure ongoing releases, OCTOBER 30, 2017
Scientists have found lingering radioactivity in the lagoons of remote Marshall Island atolls in the Pacific Ocean where the United States conducted 66 nuclear weapons tests in the 1940s and 1950s.
Radioactivity levels at Bikini and Enewetak Atolls were extensively studied in the decades after the testing ended, but there has been relatively little work conducted there recently. A team of scientists from Woods Hole Oceanographic Institution (WHOI) reported that levels of radioactive cesium and plutonium have decreased since the 1970s, but these elements continue to be released into the Pacific Ocean from seafloor sediments and lagoon waters.
The levels of plutonium are 100 or more times higher in lagoon waters compared to the surrounding Pacific Ocean and about two times higher for a radioactive form of cesium. Despite these enrichments, they do not exceed U.S. and international water quality standards set to protect human health, the scientists reported Oct. 30, 2017, in the journal Science of the Total Environment.
To determine the source of these radionuclides in lagoon waters, the WHOI scientists measured the amounts and flow of radioactive material entering the ocean from groundwater seeping from the islands. They found that groundwater was a relatively low source of radioactivity.
In particular, they found that radioactive groundwater was not leaking much from beneath one suspected potential source: the Runit Dome on the island of Runit—a massive 350-foot-wide concrete lid that covers 111,000 cubic yards of radioactive soil and debris that were bulldozed into a bomb crater and sealed over. It was constructed in the late 1970s by the U.S. government to contain contaminated waste from the nuclear tests. The bottom of the Runit Dome is not lined and below sea level, so scientists and others have been concerned that tidal action could move water through the buried radioactive material and bring it out to sea.
“The foundations of these island atolls are ancient coral reefs that have the porosity of Swiss cheese, so groundwater and any mobilized radioactive elements can percolate through them quite easily,” said WHOI geochemist Matt Charette. Though that does not seem to be happening now, the scientists advise that the Runit Dome area should be continuously monitored as sea level rises and the dome deteriorates.
Using isotopes of plutonium that act like a fingerprint to pinpoint sources, the WHOI scientists found that the seafloor sediments around Runit Island seem to be contributing about half of the plutonium to the lagoon. “Additional studies examining how radioactive plutonium moves through the environment would help elucidate why this small area is such a large source of radioactivity,” Buesseler said.
The WHOI scientists who conducted the study and wrote the report included Ken Buesseler, Matthew Charette, Steven Pike, Paul Henderson, and Lauren Kipp. They sailed to the islands aboard the research vessel Alucia on an expedition funded by the Dalio Explore Fund.
The team collected sediments from the lagoon with poster tube-sized collectors that were inserted by divers into the seafloor’s sediments, filled with mud, capped. Back in WHOI laboratories, the cores were sliced into layers and analyzed to reveal a buried record of local fallout from the nuclear tests. The scientists also collected and analyzed samples of lagoon waters .
On the islands, they collected groundwater samples from cisterns, wells, beaches, and other sites. They analyzed these samples for the levels of radioactive cesium and plutonium from weapons tests. For the first time on these islands, the scientists also measured isotopes of radium, a naturally occurring radioactive “tracer” that give scientists key information to determine how much and how fast groundwater flows from land into the ocean.
The WHOI research team also compared the radioactive contamination at the Marshall Islands to the contamination found today near Fukushima in Japan in the aftermath of the Dai-ichi Nuclear Power Plant disaster. “In contrast to Fukushima, where cesium is the most abundant radionuclide of concern, in these atolls, the focus should be on plutonium, given its significantly high levels,” said WHOI radiochemist Ken Buesseler.
The U.S. conducted 66 nuclear weapons tests between 1946 and 1958 at Bikini and Enewetak Atolls, each a ring of low-lying reef islands that surrounds a larger lagoon. Bikini has 26 islands; Enewetak had 42 islands, but three were bombed out of existence. They became known as the western part of the “U.S. Pacific Proving Grounds.”
Bikini and Enewetak are among 29 atolls that make up the Republic of the Marshall Islands, located in the equatorial Pacific, about 2,500 miles west of Hawaii. The collective land area of the thousands of small islands is equivalent to the area of Washington, D.C. but they are spread across an ocean area that exceeds the size of Alaska.
The work holds particular significance to the atolls’ indigenous populations which were evacuated before the tests and thus far have only been allowed to return to one small island in the Enewtak Atoll.
This research was funded by the Dalio Foundation and the Dalio Explore Fund.
The Woods Hole Oceanographic Institution is a private, non-profit organization on Cape Cod, Mass., dedicated to marine research, engineering, and higher education. Established in 1930 on a recommendation from the National Academy of Sciences, its primary mission is to understand the ocean and its interaction with the Earth as a whole, and to communicate a basic understanding of the ocean’s role in the changing global environment. For more information, please visit www.whoi.edu.
Enormous private sector investment in renewables and energy efficiency – gives Paris climate goals a real chance
Huge private sector investment puts Paris climate target in reach, says report https://www.theguardian.com/environment/2017/nov/02/huge-private-sector-investment-puts-paris-climate-target-in-reach-says-report
Global investment could hold the key to fighting climate change, with one trillion dollars already invested in solutions such as renewables and energy efficiency, says International Finance Corporation, Guardian, Fiona Harvey, 2 Nov 17, At least one trillion dollars are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transport around the world.
The sums involved are likely to make it possible in future for the world’s governments to meet their commitments under the Paris agreement on climate change, provided the investment continues and is directed to the right ends, according to a new report.
The World Bank Group’s subsidiary, the International Finance Corporation (IFC), said on Thursday that the investment could hold the key to fighting climate change. Governments will meet in Bonn next week to discuss the next steps in implementing their pledges made at the 2015 Paris conference on climate change.
Philippe Le Houérou, chief executive of the IFC, said: “The private sector holds the key to fighting climate change. We can help unlock more private sector investment, but this also requires government reforms as well as innovative business models, which together will create new markets and attract the necessary investment. This can fulfil the promises of Paris.”
People in developing countries can also benefit from renewable energy installations, such as solar panels and wind turbines, that provide local power, removing the need for them to be connected to a national electricity grid to receive power – a distant dream in some countries, where the national grid is under-developed or prone to breakdown. The availability of power generated locally has multiple benefits, including safety and education, as it enables emissions-free light and power late into the night, instead of people being forced to rely on expensive and polluting kerosene burners.
However, in many countries, developed and developing, fossil fuel companies have the incumbent advantage, and in some cases policies have been developed to suit them. The International Energy Agency estimated fossil fuel subsidies at $325bn a year in 2016.
Making buildings more energy efficient could also reduce carbon emissions dramatically, according to the IFC report, but only if countries adopt better building codes and higher standards. Public transport is another area ripe for investment, which could yield billions of dollars in greater efficiency, and improve the quality of lives of people around the globe, but which has been held back by poor government involvement.
Christian Aid, the development charity, called on the World Bank Group to stop lending to fossil fuel projects. Funding by the group’s members for fossil fuel projects has increased to $4.7bn in 2016, according to the charity.
Fran Witt, senior climate change adviser at Christian Aid, said: “Despite aiming to champion clean energy, the World Bank Group actually continues to finance large volumes of dirty energy projects, which are driving climate change around the world. It is staggering that even after the Paris agreement the group is still investing most of its energy portfolio in dirty energy.”
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