Nuclear to lose share without government backing

The head of the World Energy Council (WEC) has warned that without governments providing financial support to nuclear power projects, the sector’s share of the power generation market will remain stationary.

WEC Secretary General Christoph Frei, speaking at a conference in Stockholm, Sweden this week, said that nuclear generation is set to be about 15 per cent of total primary energy supply worldwide in 2050.

WEC Secretary General Christoph Frei
However if financing for new build is left solely to the market, nuclear generation will represent about 6 per cent of primary energy supply.

Nuclear’s share of the primary energy supply was 6 per cent in 2010 and remains about the same, according to WEC.

The Fukushima incident in Japan “has even further accelerated” the shift in new nuclear build from OECD countries to non-OECD countries such as China and India, according to the WEC chief.

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