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It’s official – Three Mile Island nuclear power station to shut down in September 2019

TMI another step toward shutdown, as Exelon notifies Nuclear Regulatory Commission, June 23, 2017 Press & Journal  Exelon Generation Co. officially notified the U.S. Nuclear Regulatory Commission this week of its intent to shut down Three Mile Island Nuclear Station in September 2019.

J. Bradley Fewell, senior vice president for regulatory affairs and general counsel, Exelon Generation, signed the letter sent to the NRC, which was dated June 20. Exelon is based in Warrenville, Illinois, in Chicago’s western suburbs.

The letter is part of the official process to shut down the plant “due to severe economic challenges,” it states. A nuclear plant cannot be reopened once permanently shut down…….

TMI has failed to clear the past three auctions held by PJM, which basically means that TMI is not able to produce electricity at the price that the market is willing to pay.

“Three Mile Island Unit 1 is unprofitable and has lost more than $300 million over the past five years despite being one of Exelon’s best-performing plants,” states the letter to PJM, signed by Bryan C. Hanson, senior vice president of Exelon Generation, and president and chief nuclear officer of Exelon Nuclear……

June 24, 2017 Posted by | business and costs, USA | Leave a comment

As the global renewable energy transition speeds up, Russia gambles on nuclear energy

Experts have expressed concern that these ambitious development plans are proceeding without adequate plans for disposal of nuclear waste. The Bellona Foundation, an organization that conducts independent research into international nuclear and environmental issues, has been critical of the lack of planning for nuclear waste processing and disposal, and has pointed out that dependency on Russia for nuclear fuel may leave countries particularly vulnerable in the event of a sour political climate.

Russia and Nuclear Power http://www.eurasianet.org/node/84076,June 21, 2017 , by Emma Claire Foley, 

In an age where sources of renewable energy are becoming an increasingly cost-efficient means of providing electricity, Russia is still going nuclear.

Nuclear energy is losing its luster in many parts of the world. In the United States, the drop in the cost of renewables production is making them a more attractive electricity-generation option than nuclear power. France, a country long associated with nuclear power, is also looking to reduce its reliance on reactors. And even China is now investing more in developing wind farms than it is in nuclear infrastructure.

Russia, though, is bucking the trend. Nuclear energy accounts for 11 percent of domestic power production, while the share of wind and solar power generation remains negligible, according to Bloomberg New Energy Finance. Overall, more than 40 percent of Russian power is generated by natural gas. Meanwhile, hydropower is the main renewable source of power in Russia, responsible for a roughly 20-percent share of the overall mix.

Russia has taken steps in recent months to develop its wind power potential. But development efforts are hampered by legislation that requires at least 40 percent of all renewable-energy infrastructure to be locally produced. To meet the requirement, Russia needs to find a substantial amount of foreign investment.

In the realm of international trade, Russia is trying to turn its slow embrace of renewables into an advantage. Rosatom, Russia’s state-owned nuclear company, is by far the most active player these days in the international market for nuclear power technologies. Rosatom currently has agreements to provide plants, fuel or expertise in 20 countries in the Middle East, Africa, Asia and Latin America. With the notable exception of the Barakah Atomic Energy Station in the United Arab Emirates, which is being built by the Korea Electric Power Corporation, Russia is the most heavily involved of any nuclear-exporting countries in developing nuclear power facilities in the Middle East.

Rosatom’s most recent move in the Middle East was a deal, sealed in late May, to construct Egypt’s first nuclear power plant, pending final approval by the Egyptian government. The pact is the latest of four bilateral agreements signed by Egypt and Russia concerning the nuclear power station at El Dabaa, approximately 200 miles west of Cairo on Egypt’s north coast. The first of these, signed in late 2015, covered the construction and maintenance of the plant for a 10-year period, and included a stipulation that Russia would provide fuel for the plant for 60 years.

The plant would consist of four VVER-1200 reactors, a new design based on the earlier VVER-1000 model developed in the Soviet Union in the mid-1970s. The first VVER-1200 was brought online earlier this year at Russia’s Novovoronezh plant. It is projected to begin producing power in 2024.

Egypt is one of four countries in and around the Middle East where Rosatom has built, or plans to build, nuclear power facilities. Rosatom’s subsidiary, Atomenergostroy, which handles the company’s overseas construction projects, has contracts to build plants in Jordan and Turkey. In addition, it is building additional reactors at Iran’s Bushehr facility. The company will provide financing, staff, and fuel, while retaining ownership of the plants and receiving revenue from the power they produce.

Russia has provided approximately 50 percent of the financing for Turkey’s plant at Akkuyu, and will provide fuel for its operation once construction is complete. Upwards of 85 percent of the financing for the El Dabaa project in Egypt is to come in the form of loans from Russia, a country in the midst of an economic downturn brought on by the global fall in fossil fuel prices.

Egypt is also exploring options for a second nuclear power plant to be built on its coast. During the Cold War, both the United States and the Soviet Union provided supplies, facilities, and training to Middle Eastern countries in an effort to promote nuclear power. The governments of Jordan and Egypt expressed interest at the time in developing nuclear power facilities in the mid-1950s, and the Soviet Union began construction on a research reactor in Egypt in 1961. Similar reactors were built in Iraq in 1967 and in Libya in 1981. In 1995, Russia’s Ministry of Atomic Energy signed a contract to take over construction of the Bushehr plant.

 
In 2010, Rosatom was granted the right to open offices in embassies abroad by a change in laws governing its operations. It did so in Dubai and Beijing in April of 2016, and the company’s website now boasts over $133 billion USD in overseas orders for its products.
 
Rosatom has also partnered with the International Atomic Energy Agency to fund nuclear infrastructure development internationally, pledging $1.8 million as well as equipment and expertise to equip countries that hope to develop nuclear power capacities in the future.
 
Experts have expressed concern that these ambitious development plans are proceeding without adequate plans for disposal of nuclear waste. The Bellona Foundation, an organization that conducts independent research into international nuclear and environmental issues, has been critical of the lack of planning for nuclear waste processing and disposal, and has pointed out that dependency on Russia for nuclear fuel may leave countries particularly vulnerable in the event of a sour political climate.

June 23, 2017 Posted by | marketing, politics international, Russia | Leave a comment

Russia holds AtomExpo – a triumph of nuclear marketing

Further agreements flow from AtomExpo, World Nuclear News, 21 June 2017  More cooperation agreements and contracts have been signed by Russian state nuclear corporation Rosatom and its subsidiaries during the IX AtomExpo International Forum it is hosting this week in Moscow. The latest agreements, with Asian and European companies, cover collaboration in a wide range of nuclear-related areas and beyond.

A cooperation program for 2017-2019 was signed yesterday by Rosatom and French energy company Engie. The document was signed by Kirill Komarov, first deputy director-general for international business at Rosatom, and Jan Bartak, Engie nuclear development director. The cooperation program contains more than 20 specific projects in the field of nuclear power plant maintenance and nuclear fuel cycle services.

Rosatom’s nuclear fuel manufacturing subsidiary Tenex signed an agreement with Belgium’s Synatom to extend an existing long-term enriched uranium supply contract. The document envisages extending the contract until 2022 and increasing the volume of enriched uranium exported. Tenex has been supplying uranium products to Synatom since 1975.

Czech Republic  An MOU to cooperate in repairing welding joints in steam generator vessels for VVER-440 units was signed between JSC Rusatom Service and the Czech Republic’s Skoda JS. The aim of the MOU is to develop cooperation between the two companies and identify specific projects for collaboration.

The two companies also signed a contract on the delivery of equipment for unit 2 of the Metsamor nuclear power plant in Armenia. Skoda JS will supply equipment for the control and protection system, which is to be replaced during a scheduled outage in 2018 as part of work to extend the operating period of the unit.

Rosatom’s Komarov also signed an MOU with the Czech Power Industry Alliance (CPIA) aimed at developing cooperation in nuclear energy. “That implies, first of all, CPIA member countries’ participation in Rosatom’s projects in Russia and abroad,” Rosatom said. “In its turn, the Alliance is ready to assist in obtaining export finance for Czech companies to be able to take part in the projects.”

Asian collaboration…….

Workforce development  An MOU in the area of personnel training for nuclear power programs was signed yesterday between Rosatom Central Institute for Continuing Education and Training (Rosatom-CICE&T) and global testing, inspection and certification services company Bureau Veritas.

Signed by Rosatom-CICE&T rector Iurii Seleznev and Bureau Veritas vice president of nuclear services in Europe Laurent Kueny, the MOU aims to foster cooperation in the field of research, education and training in nuclear science and technology. The organisations agreed to collaborate in such areas as the exchange of materials and lecturers, as well as distance learning……..http://www.world-nuclear-news.org/C-Further-agreements-flow-from-AtomExpo-2106174.html

June 23, 2017 Posted by | marketing, Russia | Leave a comment

Russia marketing nuclear power to Uganda

Uganda Could Become The First African Country To Develop Nuclear Power http://www.konbini.com/ng/lifestyle/uganda-could-become-the-first-african-country-to-develop-nuclear-power/ by Odunayo Eweniyi , 22 June 17 Like there’s not enough wrong in Africa right now, Uganda has signed a deal with Russia to develop uranium into nuclear power for peaceful purposes. Not to mention that it’s really suspicious that Russia seems intent on handing nuclear power to anyone and everyone who will take it. But let’s not worry, they said it’s for peaceful purposes.

Uganda’s State Minister for Minerals, Simon D’Ujanga and Russia’s Deputy Director-General of Rosatom State Atomic Energy Corporation, Nikolai Spasskiy, signed the Memorandum of Understanding in Moscow, and it includes collaboration in the areas of radiological and physical security, fundamental and applied researches, human resource training, and nuclear research centres.

The discussions with Russia started last October, shortly after the launch of the Uganda-Russian Joint Permanent Commission, an inter-governmental framework for economic, scientific and technical cooperation.

 Uganda also has ongoing discussions with China to help develop peaceful nuclear power. This agreement with Russia comes just a month after a team from Uganda’s Ministry of Energy travelled to meet with the Zhonguan Engineering Corporation (CZEC), a subsidiary of China National Nuclear Corporation (CNNC).

At least 8 countries in Africa are actively considering starting nuclear programs – Nigeria (don’t laugh), Ghana, Senegal, Kenya, Uganda, Tanzania, Zambia, Namibia; but the question is why? Emerging countries like the ones listed generally do not have the expertise for this, so as opposed to focusing on building and relying on licenses from developed countries who arguably have their own agendas when sponsoring developments like this one in African countries, why don’t we focus on building the expertise first?

And African countries are largely unable to manage the present grid system that we have, where do we get the assurance that they can manage nuclear power plants, which they say are built for peaceful purposes, but could just as easily harm citizens?

June 23, 2017 Posted by | AFRICA, marketing, Russia | Leave a comment

UK’s National Audit Office considers Hinkley Point C nuclear power plan ‘risky and expensive’

Hinkley Point deal ‘risky and expensive’, 23 June 2017

UK government plans for a new £18bn nuclear power station have come under fire from public auditors, who call it “a risky and expensive project”.BBC News 23 June

The case for the Hinkley Point C plant in Somerset was “marginal” and the deal was “not value for money”, according to the National Audit Office (NAO).

The NAO said the government had not sufficiently considered the costs and risks for consumers.

The government said building the plant was an “important strategic decision”.

The report comes nine months after the government granted final approval for the project, which is being financed by the French and Chinese governments.

State-controlled French energy firm EDF is funding two-thirds of the project, which will create more than 25,000 jobs, with China investing the remaining £6bn.

Critics of the deal have warned of escalating costs and the implications of allowing nuclear power plants to be built in the UK by foreign governments.

Case ‘uncertain’

The NAO’s report centred on the role of the Department for Business, Energy and Industrial Strategy (BEIS) in finalising the deal in 2016.

At the time, said the NAO, the department’s own value-for-money tests showed “the economic case for Hinkley Point C was marginal and subject to significant ……http://www.bbc.com/news/business-40372613

June 23, 2017 Posted by | business and costs, UK | Leave a comment

Russia keen to put Philippines into debt as it markets its Rosatom nuclear reactors

Duterte dials Russia for nuclear power future, Joel Guinto, ABS-CBN News,  Jun 19 2017 “…….President Rodrigo Duterte is bringing the Philippines closer to tapping nuclear power than any of his immediate predecessors by dialing Russia, which is offering its technology to the world. Duterte’s government forged an agreement with the Russian State Atomic Energy Corp. (ROSATOM) for the possible development of nuclear infrastructure, personnel training, and courting public support for the technology following his visit to Moscow last month.

Russia also offered to supply the Philippines with nuclear power barges and capsules.

ROSATOM on Monday opened an showcase of Russian nuclear technology, hoping to attract new clients from around the world, including the Philippines.

“We want to cooperate and be partners” said Sergey Kirienko, first deputy chief in the office of Russian President Vladimir Putin……

Project financing is the biggest concern of developing economies that seek to tap nuclear power, said Iliya Rebrov, economic and finance director at ROSATOM.

Rebrov said ROSATOM helps its clients secure funding from various sources, including loans.

“The key competitive factor is the ability of the contractor to arrange financing,” Rebrov said, citing a recent wind-farm project in southern Russia that was financed with Gazprombank.

ROSATOM is “very confident” in the world market as it diversifies its offerings to meet growing demand, said Kirill Komarov, the company’s First Deputy Director general for corporate development and international business. http://news.abs-cbn.com/focus/06/19/17/duterte-dials-russia-for-nuclear-power-future

June 21, 2017 Posted by | marketing, Philippines, Russia | Leave a comment

Hinkley Point the only UK nuclear plant that is likely to go ahead

The head of one of Britain’s top utilities said on Monday that EDF’s
planned nuclear power station at Hinkley Point is likely to be the only one
to go ahead in the UK.

Alistair Phillips-Davies, chief executive officer of
SSE – an energy supplier and a former investor in new nuclear plants – said
that nuclear power has a role to play in reducing carbon emissions, but
that existing technologies may not be the right ones. “The bottom line in
nuclear is that it looks like only Hinkley Point will get built and
Flamanville needs to go well for that to happen,” Phillips-Davies told
Reuters at the Eurelectric utilities conference in Estoril.

French nuclear regulator ASN is set to give a provisional ruling next month on whether
Flamanville can start up as planned in 2018, despite potential weak spots
in its reactor vessel.

In an opinion piece published last year, Phillips-Davies said Britain does not need EDF’s Hinkley Point C nuclear
plant to ensure the lights will stay on because alternative projects like
new gas plants will be able to fill the gap. Asked whether the Toshiba-led
NuGen and Hitachi-led Horizon consortia, which also plan to build nuclear
power stations in Britain, would go ahead despite the bankruptcy of
Toshiba-owned reactor builder Westinghouse, Phillips-Davies said “just
looking from the outside, it looks tricky”. “Toshiba looks like it has a
lot of problems and whether Hitachi will view that as meaning that they do
not want to have a go either, I think that is quite likely. I would not
expect them to get done any time soon,” he said.

New York Times 19th June 2017

https://www.nytimes.com/reuters/2017/06/19/business/19reuters-britain-nuclear.html

City AM 19th June 2017

http://www.cityam.com/266971/sse-boss-hinkley-point-likely-uks-only-nuclear-new-build

Reuters 19th June 2017

http://uk.reuters.com/article/uk-britain-nuclear-idUKKBN19A2KF?rpc=401&

June 21, 2017 Posted by | business and costs, UK | Leave a comment

Russia signs up Sudan to buy nuclear technology

Sudan and Russia Sign MOU for Cooperation Nuclear Power for Peaceful Uses, 20 June 17  Khartoum — Sudan and Russia signed in Moscow Monday a memo of understanding for cooperation in the field of nuclear power for peaceful uses, which was signed by the State Minister at the Ministry of Water Resources, Irrigation and Electricity, Engineer Yousif Hamza, and the General Director of the Russian Nuclear Power Agency for the Russian side.

Engineer Yousif said that implementation of the programs included in agreement will result in the signing of an agreement between the Sudanese and Russian sides in the field of atomic power for peaceful uses by the end of the year 2017…..http://allafrica.com/stories/201706200480.html

June 21, 2017 Posted by | AFRICA, marketing | Leave a comment

Russia pushing for selling nuclear reactors to India, Bangladesh, China

Rosatom may start building new nuclear power plants in India and Bangladesh http://tass.com/economy/952448   June 20, MOSCOW, Rosatom plans to initiate main activities for construction of the second stage of Kudankulam Nuclear Power Plant (NPP) in India, start building Ruppur NPP in Bangladesh ad commission power units at Tianwan NPP in China and two NPPs in Russia, First Deputy Chief Executive Officer of Russian nuclear corporation Rosatom Kirill Komarov said on Tuesday.

“We have serious ambitious plans on new starts this year because the third unit of Tianwan [NPP] in China and the fourth unit of Rostov NPP in Russia should start this year. We endeavor to start the first unit of Leningrad NPP-2 this year,” Komarov said. “We expect concreting start for the third and the fourth units of Kudankulam NPP in India this summer. We also expect concreting start on Ruppur site in Bangladesh, where we are building a two-unit NPP,” he added.

Rosatom has many plans for projects in Europe during this year, Komarov said.

Rosatom has reached agreements on construction of 34 power units across the globe to date.

June 21, 2017 Posted by | ASIA, India, marketing, Russia | 2 Comments

Russia marketing nuclear power to Zambia

Russia’s Rosatom to review opportunity of nuclear power plant building in Zambia http://tass.com/economy/952152   June 19 MOSCOW, Russian state nuclear corporation Rosatom will prepare a preliminary feasibility study for construction of a nuclear power plant (NPP) in Zambia. A relevant agreement was signed between the parties within the Atomexpo 2017 exhibition framework, TASS reports on Monday.

This document signifies the first stage of the project execution prior to making an investment decision on NPP construction in Zambia, Rosatom says.

A contract for services of assessment and development of the nuclear infrastructure in Zambia, a contractor for preliminary engineering survey in Zambia by Rosatom’s affiliate Atomstroiexport and an agreement on setup of a nuclear science and technology center in Zambia were signed also.

Memoranda of understanding and cooperation in peaceful use of nuclear energy with Uganda, Sudan and Ethiopia were also signed within the forum framework.

June 21, 2017 Posted by | AFRICA, marketing, Russia | Leave a comment

Bank of England to probe banks’ exposure to climate change

FT 16th June 2017, The Bank of England will probe banks’ exposure to climate change as it
steps up efforts to tackle what it says are “significant” financial threats
posed by global warming. Climate change experts said the BoE’s decision to
do an internal review of the banking sector, which the central bank
revealed on its website on Friday, marked a first. “This is
ground-breaking,” said Ben Caldecott, director of the sustainable finance
programme at Oxford University’s Smith School of Enterprise and the
Environment. “This is the first time a financial regulator has looked at
climate risk in such a comprehensive way and at the banking sector in
particular.”   https://www.ft.com/content/ec4d3446-52a1-11e7-a1f2-db19572361bb

June 21, 2017 Posted by | business and costs, climate change, UK | Leave a comment

China sets up 3 nuclear companies in Britain, hopes to market its nukes worldwide

China Daily 15th June 2017, China’s CGN a step closer to bringing its nuclear technology to UK: China’s
goal of boosting its nuclear technology sector took a big step forward on Wednesday with the creation of three new companies in the UK by China General Nuclear Power Corporation. The new entities are: Bradwell Power
Corp, which will be responsible for the 100 percent Chinese-built Bradwell B nuclear plant; General Nuclear System Ltd, which will shepherd China’s Hualong technology through the exacting five-year UK approval process; and General Nuclear International, which will manage CGN’s projects in the UK.

He Yu, CGN chairman, said:  The unveiling of three companies is a solid step forward for CGN to expand its operation in the UK. With its new subsidiaries unfolding, the company is confident that it will grow steadily in the field of nuclear technology in Britain.”

The United Kingdom will formally assess the Hualong One technology as part of a deal reached last year, in which Chinese investment will help build the Hinkley Point C nuclear plant, in which France’s EDF is a major participant, and which will
feature French technology. CGN and EDF have been working together for more than 30 years on nuclear development and construction in China.

Under last year’s agreement, CGN and EDF will collaborate on three UK nuclear plants: Hinkley Point C, in Somerset; Sizewell C, in Suffolk; and Bradwell, in Essex.

CGN intends to use Hualong One technology at Bradwell, which could be the first nuclear plant in a developed economy to use Chinese technology. The companies will seek to get the Hualong One technology approved in the UK via an assessment known as the Generic Design Assessment process. It usually takes about five years to complete.

China hopes that UK approval of its technology will open the door to its use in other countries because the UK’s appraisal regime is considered by industry experts to be the strictest in the world. The proposed Bradwell project is in an early
pre-planning stage, something that is likely to continue for many years, via investigative work and public consultation, before detailed proposals will be produced, allowing a planning application to be made.
http://europe.chinadaily.com.cn/world/2017-06/15/content_29748140.htm

June 19, 2017 Posted by | China, marketing, UK | Leave a comment

Hinkley C nuclear station; a very poor bet for jobs

Morning Star 16th June 2017, Ian Fairlie: THE Labour Party’s recent election manifesto says a Labour
government would support nuclear power as part of a low-carbon energy mix and that it would continue to support Hinkley C. The reason is that Jeremy Corbyn needs trade union support and some major unions think that nuclear
power will furnish many jobs.

But this is a myth, a shibboleth. The real situation is that renewable energy already provides far more jobs than
nuclear does now, and will provide far more jobs more quickly than nuclear ever would — even if current government plans were to succeed. The problem is that promoting nuclear power diminishes the prospects of creating new jobs in renewable energy industries — eg in establishing a large offshore wind manufacturing base.

Let’s look at the Hinkley C site, for example. Although about 4,500 jobs would exist each year during the
main phase of construction, EDF has admitted most would be temporary and filled by overseas workers. And if it were ever completed, it would only employ 900 workers. In fact, Hinkley C would be a remarkably poor bet for Britain and British unions, as industry insiders expect 90 per cent of the work at Hinkley, and all high-tech work, would go to French firms. For example, in 2013, EDF Energy completed a very large gas-fired power station at West Burton in Nottinghamshire where 100 per cent of the engineering contracts — even the concrete — went to French firms.
http://www.morningstaronline.co.uk/a-b8c7-Does-nuclear-power-really-provide-jobs

June 19, 2017 Posted by | employment, UK | Leave a comment

For human society to survive, we must end the drive for economic growth

The main stumbling block that leads policy makers to twist their logic into pretzels is economic growth. Remove the requirement for growth, and it’s barely possible (not easy, but possible) to reconcile carbon reserves, emissions, energy sources, and warming targets—if governments somehow dedicate enough money and policy effort to the job.

If we’re smart, we will recognize that deeper trend and adapt to it in ways that preserve the best of what we have accomplished, and make life as fulfilling as it can be for as many people as possible, even while the amount of energy available to us ratchets downward. We’ll act to rein in population growth and aim for a gradual overall population decline, so that per capita energy use does not have to decline as fast as total use. We’ll act to minimize ecological disruption by protecting habitat and species. We’ll make happiness, not consumption, the centerpiece of economic policy.

If we’re not so smart, we’ll join the dinosaurs.

Coal Is a Dinosaur and so is the growth economy, Post Carbon Institute, Richard Heinberg, June 15, 2017 “……Every few years, the IPCC issues a major new “assessment” crammed with data and models, aimed at informing policy makers. Unfortunately, these assessments are also filled with what Oliver Gedens has called “magical thinking……

The only realistic solution to our climate crisis is not to put so much carbon in the atmosphere in the first place. But that path runs counter to expectations about economic growth—which requires energy. And that is almost surely at the root of the IPCC’s assumptions about future fossil fuel consumption (regardless of whether those fossil fuels are actually available to be consumed).

So far humanity has increased the global atmospheric CO2 concentration from 280 parts per million to over 400 ppm—an already dangerous level. David Hughes figures burning our remaining realistic reserves of coal, oil, and natural gas would send us to about 550 ppm. There’s an easy way of not getting to 550 ppm: leave most of those fossil fuel reserves in the ground. But that would sink the economy, unless we very rapidly develop alternative energy sources (nuclear, which is expensive and risky; or solar and wind, which are more realistic alternatives).

Is it even possible to make the energy switch so quickly and completely as to avoid major bumps along the road? Building alternative energy infrastructure will itself require energy, and during the crucial early stages of the transition most of that energy will have to come from fossil fuels. There’s no way to bootstrap the energy transition process with energy from, say solar panels and wind turbines, because wind, and especially solar, technologies take years to energetically pay for their own manufacture and installation. So to avert burning even more fossil fuels than we otherwise would (in order to build all those solar panels, wind turbines, electric cars, heat pumps, and so on), resulting in a big pulse of carbon emissions, we would have to severely curtail the use of fossil fuels for current purposes—the maintenance of business as usual. That would also imperil economic growth. And we are talking about a remarkably small time window available for the shift, compared with the decades required for past energy transitions. It’s all so complicated that one can get a headache just thinking about it.

The main stumbling block that leads policy makers to twist their logic into pretzels is economic growth. Remove the requirement for growth, and it’s barely possible (not easy, but possible) to reconcile carbon reserves, emissions, energy sources, and warming targets—if governments somehow dedicate enough money and policy effort to the job. However, with further economic growth as an absolute requirement, the resulting climate models fester with internal contradictions and with assumptions about speculative technologies that very few people believe can be scaled up sufficiently, and that may have economic, environmental, and political repercussions that no one is prepared to deal with.

We cannot afford to hide the implications of realistic fossil fuels reserves estimates behind magical thinking. Perhaps the most important of those implications is that the world is probably just about at peak energy right now, give or take a decade. If we act immediately and strongly to rein in climate change, then a peak in world energy usage will likely occur more or less immediately. If we don’t act, then we may have another decade before fossil fuel depletion results in peak energy anyway…Renewables will contribute a larger share, depending on investment levels and policy supports, but cannot realistically expand far enough, fast enough, to maintain energy growth and therefore economic growth….

So overall, one way or the other, we have just about hit the maximum burn rate our civilization is likely to achieve, and it’s mostly downhill from here. That has implications for robust economic growth (it’s essentially over), and hence for war and peace, inequality, political stability, and further population expansion. Dealing with the end of energy growth, and therefore economic growth, is the biggest political and social challenge of our time—though it’s unlikely to be recognized as such. (Our biggest ecological challenges consist of climate change, species extinctions, and ocean acidification.) The impacts of the end of growth will likely be masked by financial crashes and socio-political stresses that will rivet everyone’s attention while a quiet trend churns away in the background, undoing all our assumptions and expectations about the world we humans have constructed over the past couple of centuries.

If we’re smart, we will recognize that deeper trend and adapt to it in ways that preserve the best of what we have accomplished, and make life as fulfilling as it can be for as many people as possible, even while the amount of energy available to us ratchets downward. We’ll act to rein in population growth and aim for a gradual overall population decline, so that per capita energy use does not have to decline as fast as total use. We’ll act to minimize ecological disruption by protecting habitat and species. We’ll make happiness, not consumption, the centerpiece of economic policy.

If we’re not so smart, we’ll join the dinosaurs. http://www.postcarbon.org/coal-is-a-dinosaur-and-so-is-the-growth-economy/

 

June 16, 2017 Posted by | ANTARCTICA, business and costs | Leave a comment

Turkey to go into big debt to Russia for $20 billion Akkuyu nuclear power plan

Turkey gives Rosatom go ahead to build nuclear plant, Reuters, 15 June 17,  

Russia’s State Atomic Energy Corporation (Rosatom) won approval from Turkey’s energy watchdog on Thursday to go ahead with building its $20 billion Akkuyu nuclear power plant in southern Turkey.

The project to construct four nuclear reactors has repeatedly run into delays, including being briefly halted after Turkey downed a Russian jet near the Syrian border in November 2015. Ties have since normalised between the two countries and work on the plant has resumed……

Rosatom has sold several nuclear reactors to developing countries under a model by which Russia finances, builds and operates the nuclear plant and sells power to its customer – a model that has also raised questions about Russia using energy policy as a means to political ends.

EPDK said it had given Rosatom’s project company Akkuyu Nukleer AS a 49-year production license.

Dependant on imports for almost all of its energy, Turkey has embarked on an ambitious nuclear programme, commissioning Rosatom in 2013 to build the four 1,200 megawatt (MW) reactors…..https://www.reuters.com/article/turkey-energy-nuclear-idUSL8N1JC3FL

June 16, 2017 Posted by | marketing, politics international, Russia, Turkey | Leave a comment