Nuclear energy: a panacea for climate change?. ABC Radio National, Ockham’s Razor, Dr Adam Lucas – 30 May 2010 “……What is the status of nuclear energy in the world at the moment? And do the arguments of its proponents stand up to scrutiny?Nuclear energy is currently responsible for generating around 14% of the world’s electricity. And although nuclear contributes anything from 2% to 6% of the world’s total energy needs, it has been steadily losing out to renewables over the last decade or so, which now contribute between 7% and 20% of total global energy.
Just under 70% of the world’s nuclear energy comes from five countries: the US, France, Japan, Russia and Germany. Almost half of the world’s nuclear energy is generated by just two countries, the US and France.
In December, 2009, there were 436 nuclear power plants operating around the world in 31 different countries: eight less than in 2002. And the world’s reactor fleet is getting old: more than three-quarters of these plants have been operating for more than 20 years, and a quarter of them for more than 30.
Because the operating life of a nuclear power plant is at best 40 years, three-quarters of all the plants running now will need to be replaced by 2030 just to maintain their current generating capacity. That means 200 new plants within 20 years. And although there is talk of extending reactor lifetimes to 60 years, there are a host of technical problems that would have to be overcome to make that a reality.
But the fact is that nowhere near that a number of reactors are actually being built, and it’s very unlikely that they ever will be.
In December 2009, there were only 56 nuclear power plants being built around the world, and one quarter of them have been under construction for more than 20 years. Forty of these plants are in China, Russia, India and South Korea, and none of those countries are transparent about construction costs or schedules.
In the US, the American Nuclear Energy Institute has plans to expand the capacity of existing power plants by 10,000 megawatts, and to build 50,000 megawatts of new generating capacity by 2020. That means 40 to 50 new reactors across the US. But the industry also admits it would have to construct 35 new plants by 2030, just to maintain nuclear’s current share of around 20% of total US electricity production.
As of March 2010, there were 18 applications for new nuclear power plants in the U S, eight less than a year ago. In February, President Obama announced $US8.3 billion in federal funds to underwrite the cost of building two new megawatts reactors in Georgia, out of a total projected cost of around $14 billion. But regulatory issues, community opposition and a lack of private sector financing, means that it’s not at all clear that any of the plants will actually be built. It’s therefore not only unlikely that the industry’s plans of expanded nuclear capacity in the US will be realised, it’s not likely to even maintain its current share of total generating capacity over the next two decades.
Ockham’s Razor – 30 May 2010 – Nuclear energy: a panacea for climate change?