Nuclear Renaissance: Is It Coming? Should It?

Policy Outlook
Summary
Despite talk of a renaissance, nuclear power will account for a declining percentage of global electricity generation without aggressive financial support and significant policy changes. Before committing to a rapid expansion of nuclear energy, the next U.S. administration must address critical questions about the feasibility and safety of that expansion, and act to minimize proliferation risks.
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Despite talk of a renaissance, nuclear power will account for a declining percentage of global electricity generation without aggressive financial support and significant policy changes. Before committing to a rapid expansion of nuclear energy, the next U.S. administration must address critical questions about the feasibility and safety of nuclear expansion, and act to minimize current proliferation risks, concludes a new report by Sharon Squassoni.

 

The Limits of Nuclear Energy:

  • Nuclear power is inherently limited in its ability to reduce dependence on foreign oil because it only provides electricity. Oil accounts for only 1.6 percent of U.S. electricity production.
  • Most countries will need to import fuel, technology, and reactor components for nuclear power plants—leading to greater energy interdependence, not independence.
  • Nuclear power won’t significantly help combat climate change. Huge reductions in emissions are needed now, and the nuclear industry will not be able to build the large number of new nuclear reactors—25 each year until 2050—necessary to make an impact on carbon emissions. New nuclear power plants will mostly help offset the retirement of nuclear reactors built decades ago.
  • The cost for constructing new nuclear power plants is uncertain, and historical costs provide little guidance. The United States has not licensed a new nuclear reactor for thirty years. The current economic crisis could make financing nuclear power plants particularly difficult.
  • In the more than fifty years since the first nuclear reactor generated electricity, no country has opened a permanent site for nuclear waste. Recycling the waste reduces the volume, but produces separated plutonium, a nuclear weapons fuel and proliferation risk.
Recommendations for the next U.S. president:
  1. Reduce the perceived prestige associated with nuclear power and cooperation. Nuclear energy should not be viewed as a symbol of national prowess but simply as a means to produce electricity.
  2. Adopt the IAEA’s Model Additional Protocol—which strengthens the international system for inspecting nuclear material and facilities and improves the IAEA’s ability to detect undeclared nuclear activities—as a condition for nuclear supply.
  3. Ensure that manufacturers of nuclear reactors and their components supply technologies responsibly and tighten restrictions on sensitive technologies.
  4. Utilize the Global Nuclear Energy Partnership to prioritize funding for proliferation-resistant reactors—new sea-based reactors are more vulnerable to terrorist attacks.
  5. Require some fuel-cycle facilities, including enrichment plants, to be multinationally owned and operated to ease detection of clandestine activities.

About the Author
Sharon Squassoni is a senior associate in the Nonproliferation Program. Her research focuses on nuclear nonproliferation and national security. Before joining Carnegie, she served fourteen years in the Congressional Research Service, State Department, and Arms Control and Disarmament Agency.

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About the Nuclear Policy Program

The Carnegie Nuclear Policy Program is an internationally acclaimed source of expertise and policy thinking on nuclear industry, nonproliferation, security, and disarmament. Its multinational staff stays at the forefront of nuclear policy issues in the United States, Russia, China, Northeast Asia, South Asia, and the Middle East.

 
 
Source http://carnegieendowment.org/2008/10/29/nuclear-renaissance-is-it-coming-should-it/3ef0

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