The Fort Worth Press - Energy crisis pushes nuclear comeback worldwide

USD -
AED 3.673042
AFN 68.266085
ALL 93.025461
AMD 389.644872
ANG 1.80769
AOA 912.000367
ARS 997.22659
AUD 1.547988
AWG 1.795
AZN 1.70397
BAM 1.85463
BBD 2.025224
BDT 119.861552
BGN 1.857551
BHD 0.376464
BIF 2962.116543
BMD 1
BND 1.344649
BOB 6.930918
BRL 5.79695
BSD 1.002987
BTN 84.270352
BWP 13.71201
BYN 3.282443
BYR 19600
BZD 2.02181
CAD 1.41005
CDF 2865.000362
CHF 0.887938
CLF 0.035528
CLP 975.269072
CNY 7.232504
CNH 7.23645
COP 4499.075435
CRC 510.454696
CUC 1
CUP 26.5
CVE 104.561187
CZK 23.965904
DJF 178.606989
DKK 7.07804
DOP 60.43336
DZD 133.184771
EGP 49.296856
ERN 15
ETB 121.465364
EUR 0.94835
FJD 2.27595
FKP 0.789317
GBP 0.792519
GEL 2.73504
GGP 0.789317
GHS 16.022948
GIP 0.789317
GMD 71.000355
GNF 8643.497226
GTQ 7.746432
GYD 209.748234
HKD 7.785504
HNL 25.330236
HRK 7.133259
HTG 131.85719
HUF 387.22504
IDR 15898.3
ILS 3.749604
IMP 0.789317
INR 84.47775
IQD 1313.925371
IRR 42092.503816
ISK 137.650386
JEP 0.789317
JMD 159.290693
JOD 0.709104
JPY 154.31504
KES 129.894268
KGS 86.503799
KHR 4051.965293
KMF 466.575039
KPW 899.999621
KRW 1395.925039
KWD 0.30754
KYD 0.835902
KZT 498.449576
LAK 22039.732587
LBP 89819.638708
LKR 293.025461
LRD 184.552653
LSL 18.247689
LTL 2.95274
LVL 0.60489
LYD 4.898772
MAD 9.999526
MDL 18.224835
MGA 4665.497131
MKD 58.423024
MMK 3247.960992
MNT 3397.999946
MOP 8.042767
MRU 40.039827
MUR 47.210378
MVR 15.450378
MWK 1739.225262
MXN 20.34515
MYR 4.470504
MZN 63.903729
NAD 18.247689
NGN 1665.820377
NIO 36.906737
NOK 11.089039
NPR 134.832867
NZD 1.729727
OMR 0.384524
PAB 1.002987
PEN 3.80769
PGK 4.033
PHP 58.731504
PKR 278.485894
PLN 4.096724
PYG 7826.086957
QAR 3.656441
RON 4.725204
RSD 110.944953
RUB 99.872647
RWF 1377.554407
SAR 3.756134
SBD 8.390419
SCR 13.840372
SDG 601.503676
SEK 10.978604
SGD 1.343704
SHP 0.789317
SLE 22.603667
SLL 20969.504736
SOS 573.230288
SRD 35.315504
STD 20697.981008
SVC 8.776255
SYP 2512.529858
SZL 18.240956
THB 34.842038
TJS 10.692144
TMT 3.51
TND 3.164478
TOP 2.342104
TRY 34.419038
TTD 6.810488
TWD 32.476804
TZS 2667.962638
UAH 41.429899
UGX 3681.191029
UYU 43.042056
UZS 12838.651558
VES 45.732111
VND 25390
VUV 118.722009
WST 2.791591
XAF 622.025509
XAG 0.033067
XAU 0.00039
XCD 2.70255
XDR 0.755583
XOF 622.025509
XPF 113.090892
YER 249.875037
ZAR 17.226455
ZMK 9001.203587
ZMW 27.537812
ZWL 321.999592
  • RBGPF

    61.8400

    61.84

    +100%

  • BCC

    -0.2600

    140.09

    -0.19%

  • SCS

    -0.0400

    13.23

    -0.3%

  • CMSC

    0.0200

    24.57

    +0.08%

  • NGG

    0.3800

    62.75

    +0.61%

  • RIO

    0.5500

    60.98

    +0.9%

  • RYCEF

    0.0400

    6.82

    +0.59%

  • CMSD

    0.0822

    24.44

    +0.34%

  • GSK

    -0.6509

    33.35

    -1.95%

  • JRI

    0.0235

    13.1

    +0.18%

  • RELX

    -1.5000

    44.45

    -3.37%

  • BCE

    -0.0200

    26.82

    -0.07%

  • VOD

    0.0900

    8.77

    +1.03%

  • BTI

    0.9000

    36.39

    +2.47%

  • AZN

    -1.8100

    63.23

    -2.86%

  • BP

    -0.0700

    28.98

    -0.24%

Energy crisis pushes nuclear comeback worldwide
Energy crisis pushes nuclear comeback worldwide / Photo: © AFP

Energy crisis pushes nuclear comeback worldwide

As the costs of importing energy soars worldwide and climate crises wreak havoc, interest in nuclear power is on the rise with nations scrambling to find alternative sources.

Text size:

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared.

But following Moscow's invasion of Ukraine in February, the subsequent squeeze on energy supplies and Europe's push to wean itself off of Russian oil and gas, the tide is now turning back in favour of nuclear.

Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter.

Some experts argue that nuclear power should not be considered an option, But others argue that, in the face of so many crises, it must remain part of the world's energy mix.

One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears.

This week Japan's Prime Minister Fumio Kishida called for a push to revive the country's nuclear power industry, and build new atomic plants.

Other countries that were looking to move away from nuclear have discarded those plans -- at least in the short term.

Less than a month after Russia's attack on Ukraine, Belgium delayed by a decade its plan to scrap nuclear energy in 2025.

While nuclear power, currently used in 32 countries, supplies 10 percent of the world's electricity production, the International Atomic Energy Agency (IAEA) raised its projections in September for the first time since the 2011 disaster.

The IAEA now expects installed capacity to double by 2050 under the most favourable scenario.

- Climate reasoning -

Even in Germany, Europe's biggest economy, sticking with nuclear is no longer a taboo subject as the energy crisis rekindles debate on shutting down the country's last three nuclear power plants by the end of 2022.

Berlin said last month it would await the outcome of a "stress test" of the national electric grid before deciding whether to stick with the phaseout.

Greenpeace Germany's climate and energy expert, Gerald Neubauer, said turning to nuclear was "not a solution to the energy crisis".

He said nuclear energy would have "limited" efficacy in replacing Russian gas since it is mainly "used for heating" in Germany not for electricity production.

"The reactors would only save the gas used for electricity, it would save less than one percent of the gas consumption," he added.

But according to Nicolas Berghmans, energy and climate expert at the IDDRI think tank, extending the use of nuclear "can help".

"Europe is in a very different energy situation, with several overlapping crises: the problem of Russian gas supply, the drought that has reduced the capacity of dams, the French nuclear plants' weak output... so all the levers matter," he said.

The pro-nuclear lobby says it is one of the world's best options to avoid climate change since it does not directly emit carbon dioxide.

In fact, nuclear energy accounts for a bigger share of the world power mix in most of the scenarios put forward by the IPCC, the UN's climate experts, to alleviate the global climate crisis.

- Divided opinions -

As the need for electricity booms, several countries have expressed a desire to develop nuclear infrastructure including China -- which already has the largest number of reactors -- as well as the Czech Republic, India and Poland since nuclear offers an alternative to coal.

Likewise, Britain, France and the Netherlands have similar ambitions, and even the United States where President Joe Biden's investment plan encourages the sector's development.

The IPCC experts recognise that the deployment of nuclear energy "can be constrained by societal preferences" since the subject still divides opinion because of the risk of catastrophic accidents and the still unresolved issue of how to dispose of radioactive waste safely.

Some countries, like New Zealand, oppose nuclear, and the issue has also been hotly debated in the European Union over whether it should be listed as a "green" energy.

Last month, the European Parliament approved a contentious proposal giving a sustainable finance label to investments in gas and nuclear power.

Other issues remain over nuclear infrastructure including the ability to build new reactors with costs and delays tightly controlled.

Berghmans pointed to "long construction delays".

"We're talking about medium-term solutions, which won't resolve tensions in the market", as they will arrive too late to address climate crises, he said, but suggested focusing on the "dynamic" renewable energies sector that can be immediately helpful.

G.George--TFWP