As the Iran war shocks oil prices, countries that have invested in renewables, EVs, and battery development since the 2022 Russian invasion of Ukraine are seeing the value of their investments.
Noah Gordon
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Expectations for nuclear energy have grown dramatically. Scores of nations are now considering nuclear power to improve their energy security and reduce their carbon emissions. But nuclear energy is a costly detour if the goals are to mitigate climate change or reduce dependence on foreign oil.
WASHINGTON, Mar 26—Expectations for nuclear energy have grown dramatically. Scores of nations are now considering nuclear power to improve their energy security and reduce their carbon emissions. But nuclear energy is a costly detour if the goals are to mitigate climate change or reduce dependence on foreign oil, concludes Sharon Squassoni in a Carnegie report.
Serious expansion of nuclear capacity will happen too late and cost too much. Tripling or quadrupling power reactors globally—the scale needed to make a dent in carbon dioxide emissions—would also present safety, security, waste, and proliferation challenges. These challenges—often overlooked in the recent enthusiasm for nuclear power—deserve more attention by government and industry leaders if safe and secure nuclear energy is desirable.
Key points:
Squassoni concludes:
“Projections for growth assume that government support will compensate for nuclear power’s market liabilities and that perennial issues such as nuclear waste, safety, and proliferation will not be serious hurdles. Before embarking on such a path, policy makers need to achieve greater certainty across a wide range of issues. The exigencies of energy security and climate change do not warrant racing ahead before institutional frameworks can ensure that any expansion makes sense, not just for energy needs, but for world security.”
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NOTES
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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