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Countries that have included nuclear in their green stimulus plans may want to rethink their strategy

The Biggest Obstacle For Nuclear Energy, Oil Price, By Haley Zaremba – Oct 06, 2020Nuclear has long been touted as one of the most promising”clean” energy alternatives to fossil fuels. As a form of energy production with zero carbon emissions, it’s commonly seen as key to decarbonization and an effective global clean energy transition in order to combat climate change.  It may come as no surprise, then, that China’s own ambitious plan to bring the nation’s carbon footprint all the way down to zero by the years 2060 relies heavily on the bolstering of its nuclear energy industry, which is on track to become the biggest in the world.Although nuclear has many vocal advocates, however, China is in the minority in its doubling down on nuclear energy. Around the world, nuclear has largely fallen out of favor. The United States, the world’s largest producer of nuclear energy, has allowed its nuclear fleet to age out and get priced out by a flood of cheap natural gas thanks to the domestic shale revolution. What is left of the nuclear industry is outdated and heavily reliant on government subsidies. Japan, another one of the world’s leading nuclear energy producers, has swerved sharply away from nuclear energy since the tragic Fukushima nuclear disaster in 2011. ……..

now, a new study spearheaded by the UK’s University of Sussex (UoS) for the scientific journal Nature Energy, shows that nuclear might not even be that great for lowering carbon emissions. 

In fact, the study found that renewables are “up to seven times more effective at reducing carbon emissions than nuclear power.” As summarized by PV Magazine, the study “concluded nuclear could no longer be considered an effective low carbon energy technology, and suggests that countries aiming to rapidly and cost-effectively reduce their energy emissions should prioritize renewables.” …………

This study comes at an essential moment in which nations around the world are designing economic stimulus packages to overcome the recession being ushered in by the novel coronavirus pandemic. Countries that have included nuclear in their green stimulus plans may want to rethink their strategy–even if it’s in concert with investment in renewables. Another report by Science Daily this week shows that trying to adopt a hybrid approach that includes both nuclear and renewables is even less effective. At a time when the world is reckoning with and engineering a “new energy order” and a “great reset, such findings have never been so important, and governments around the world would do well to read the reports. https://oilprice.com/Alternative-Energy/Nuclear-Power/The-Biggest-Obstacle-For-Nuclear-Energy.html

October 8, 2020 - Posted by | 2 WORLD, climate change, politics

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