Nuclear leaders emphasise reliability and green credentials

Top management from the nuclear power field have called for more political backing and pointed out the sector’s merits, in terms of both energy security and as a low-carbon source of energy.

World Energy Council Secretary General Christophe Frei this week said that nuclear’s share of primary energy would remain stalled at 6 per cent, but could increase that share with financial support, and industry chiefs, at least in part, share that assessment.

Agneta Rising, Director General of the World Nuclear Association told Power Engineering International her organisation expects the market for nuclear plant construction to grow by 3-5 per cent per year over the next two decades, but said greater rates would be needed if the world is to avoid a 4à‚°C courtesy of increasing CO2 emissions.

“Nuclear plants don’t build themselves, and policy support is necessary to overcome market barriers ” such as financing ” which hinder long term investment. However nuclear is among the most affordable and reliable low-carbon options for the future, which is why an increasing number of countries are committing to new-build programs.”

David Shropshire
David Shropshire, head of the International Atomic Energy Association‘s Planning and Economic Studies Section, told PEi that in the near-term, governments’ financial support to nuclear power projects may be needed to reduce the financial risks for investment in new nuclear power plants.à‚ 

He also warned that, “Financial support has become necessary for strategic, longer-term views on energy rather than short-term thinking driven by current low natural gas prices and increasing capacities of subsidized renewable energy sources in some regions of the developed world.”

Mr Shropshire shared his WNA peer’s view on the positive impact nuclear has the potential to have on the planet, despite the attitudes holding sway in some countries that make it a marginal force.

“Over the coming decades, growth of nuclear will be more dependent on economic and market conditions,” he said, adding,” Governments’ support for nuclear may begin with financial backing, but the greater influence will be needed to address defects in the market structure that currently place little value on nuclear energy for providing dependable baseload capacity, fuel and technology diversity, and low life cycle CO2 emissions.”

For more nuclear power generation news

No posts to display