Who’s Really Driving Nuclear-Weapons Production? Follow the money.
By William D. Hartung [This piece has been updated and adapted from William D. Hartung’s “Nuclear Politics” in Sleepwalking to Armageddon: The Threat of Nuclear Annihilation, edited by Helen Caldicott and just published by the New Press.] The Nation, 14 Nov 17
Minerals deal needed to fuel the clean energy transition
http://reneweconomy.com.au/minerals-deal-needed-fuel-clean-energy-transition-24352/
A large part of this challenge involves rapidly scaling up the deployment of renewable energy, while curbing fossil fuel use – but little attention has been paid to the minerals that will be needed to build these technologies.
Wind and solar infrastructure, batteries and electric vehicles all require vast amounts of mined (and recycled) resources. These range from copper for wires and electric motors, to lithium and cobalt for batteries, to smaller amounts of rare metals like indium and gallium for solar cells.
Challenges for minerals supply
While the Paris agreement has created a global framework for managing carbon, nothing similar exists for minerals. This leaves the pursuit of sustainable resource development largely in the hands of mining companies and state-owned enterprises.
Mining these resources generates significant water and air pollution. This problem is increasing: for example, global copper ore quality is declining over time. That means that copper mining now requires excavating twice as much ore as ten years ago to yield the same amount of copper, creating much more mine waste.
Lower commodity prices have meant that investment in exploring new mine sites has fallen. But it takes a long time to develop new mines – it can often take 20 years to go from finding a metal deposit to beginning mining, and only around 20% of discoveries since 2000 have led to an operating mine.
Lack of investment in exploration is driven by short-term thinking, rather than a long-term plan to supply rising demand.
In parallel, resistance to mining, often at a local level, is increasing worldwide. Environmental catastrophes, of which there have been many examples, erode social trust, often delaying or stopping mine development.
A new global mechanism to more effectively plan resource supply could help rebuild trust in local communities, limit price spikes to ensure equitable access to metal resources, and balance the international tension which arises as industries and governments compete for minerals from a shrinking list of countries able to tolerate and profit from sustaining a mining industry.
A global agreement on mineral resources
Developing a global mechanism will of course be difficult, requiring substantive dialogue and strong leadership. But there are organisations that could step up, such as the United Nations Environment Assembly, or the newly established Intergovernmental Forum on Mining Metals and Sustainable Development.
The global community is well aware of the threat that rising sea levels pose to low-lying countries. We need similar awareness of the crucial role minerals are playing in the energy transition, and the risk that supply problems could derail sustainability goals.
To that end, we need to globally coordinate several crucial aspects of mineral development. To start with, while most detailed information on where minerals are mined and sold is privately held, there is publicly available data that could be used to predict possible imbalances in supply and demand internationally (for example copper, iron, lithium, indium).
Publicly-funded institutions have an important role here. They can assess how known supply will meet future demand, and deliver insight into the changing environmental impact.
It should also be entirely possible to develop inventories of recyclable metals, which can be an important supplement to large mining operations.
Compiling inventories of recyclable metals is underway across Europe as part of a move towards a circular economy (where as much waste as possible is repurposed).
While recycling for for metals like lithium for less than 1%, around 40% of steel demand is met from scrap recycled during manufacturing and from end-of-life products and infrastructure. Thinking smarter about eventual dismantling of buildings at the time when they are built, can support better use of recycled resources.
Geoscience agencies already offer maps of underground minerals, demonstrating that this kind of co-ordinated perspective is feasible. Extending this approach to recyclables can mitigate environmental impact and ease the social objections to new mines.
A global mechanism for mineral exploration and supply could also be an opportunity to promote best-practice for responsible mining, with a focus on social license and fair and transparent royalty arrangements.
Overcoming resistance
It’s a challenging proposition, especially as many countries display less enthusiasm for international agreements. However, it will be increasingly difficult to meet the Paris targets without tackling this problem.
In the decades ahead, our mineral supply will still need to double or triple to meet the demand for electric vehicles and other technologies required by our growing global population.
In short, resource efficiency and jobs of the future depend on an assured mineral supply. This should be a nonpartisan issue, across the global political spectrum.
Hanford board says billions more needed for nuke cleanup
, by Associated Press http://keprtv.com/news/local/hanford-board-says-billions-more-needed-for-nuke-cleanup 14 Nov 17RICHLAND, Wash. (AP) – The Hanford Advisory Board says more money is needed to clean up the Hanford Nuclear Reservation.
The board says Congress needs to give Hanford some $4 billion per year to reach cleanup deadlines.
The Tri-City Herald reports Hanford currently receives $2.2 billion to $2.5 billion per year.
The board is composed of people from the Tri-Cities and the Northwest who have an interest in cleaning up the site.
The board at a meeting last week said the current funding level is “dangerous and destructive.”
Hanford is located near the Tri-Cities and for decades made plutonium for nuclear weapons. The site is now engaged in cleaning up the resulting radioactive wastes.
Drop in EDF share price as Hinkley nuclear saga drags on
FT 13th Nov 2017, Shares in French energy company EDF dropped more than 10 per cent on Monday
after it cut its profit and cash flow targets because of falling demand and
delays in restarting some of its nuclear reactors. The state-backed company
said earnings before interest, tax, depreciation and amortisation for 2018
were now expected to be between €14.6bn and €15.3bn, compared with its
earlier assumption of at least €15.2bn. It also said it was less confident
about achieving positive cash flow, saying it will be “slightly
positive or close to balance”. It had previously said it would return to
positive cash flow, after dividend payments, in 2018.
EDF, which is in charge of the controversial new nuclear power development at Hinkley Point
in the UK, blamed lower electricity consumption in France, lower
availability of some of its nuclear reactors in France and the risk that it
might sell less energy in the UK and at a lower price. “Basically, this
is the market taking into account the series of bad news that has been
coming,” said one sector specialist.
“It’s Hinkley Point, it’s the
number of plants that have had to be stopped due to the regulator and
fundamentally a Nicolas Hulot climate that is not very positive.” Mr
Hulot is a climate campaigner and strident critic of nuclear power who is
now France’s energy minister. Morgan Stanley suggested that additional
risks included “possible delays in the delivery of nuclear plants”,
while Mr Jeffery said there is “a strong risk the issue caused by the
nuclear regulator’s ongoing investigation into EDF’s existing nuclear
plants could roll on beyond early 2018 as anticipated by EDF”.
French government considers changing focus of EDF from nuclear to renewables
FT 14th Nov 2017, France is considering changing the governance of state-owned utility EDF to
shift its focus from nuclear to renewable energy as Emmanuel Macron’s
government seeks to cut the country’s reliance on atomic power — the
backbone of its energy policy for five decades. Nicolas Hulot, energy and
environment minister, told the Financial Times the country’s largest
electricity producer needed to embrace a transition towards environmentally
friendly energy rather than “resist” it. The process may require
revisiting the structure of the company, in addition to a plan to close up
to 35 of the 58 nuclear reactors it operates across France within the next
15 years.
https://www.ft.com/content/132f512a-c89f-11e7-ab18-7a9fb7d6163e
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