Climate change rss

Bloomberg sees 1% fall in nuclear's global share by 2040

Energy and Environment

15 July 2016

Nuclear energy’s share of total installed capacity will decrease from 5% in 2015 to 4% in 2040, according to the latest annual forecast by Bloomberg New Energy Finance. In its New Energy Outlook 2016, Bloomberg also says continued low gas and coal prices will not derail the advance of renewable energy sources and zero-emission energy sources will make up 60% of global installed generating capacity by 2040.

Exelon ready to make investment in New York plants

Corporate

14 July 2016

FitzPatrick_(Entergy)_48Entergy is discussing a potential sale of the James A Fitzpatrick nuclear power plant to Exelon, offering the possibility of keeping the single-unit plant in operation beyond 2017. Exelon has confirmed that it will invest millions of dollars to keep Fitzpatrick and its other nuclear power plants in upstate New York in operation if a support mechanism proposed by the New York State Department of Public Service last week is approved.

New York State sets out subsidy proposals

Energy and Environment

12 July 2016

The New York Department of Public Service has put forward a proposal to help preserve New York's upstate nuclear power plants by valuing their zero-emissions attributes based on the social cost of carbon. The department estimates that the state will realize $5 billion in benefits in the first two years alone if the proposal is implemented.

UK's new premier axes Department of Energy and Climate Change

Nuclear Policies

15 July 2016

The UK's Department of Energy and Climate Change has been scrapped and its brief folded into the newly created Business, Energy and Industrial Strategy department. The formation of BEIS, which was announced yesterday following Theresa May's appointment as the new British Prime Minister, adds energy-related matters to the remit of its predecessor the Department for Business, Innovation and Skills.

UK Energy Minister underlines nuclear's role

Nuclear Policies

14 July 2016

The UK's decision to leave the European Union has not changed the country's commitment to investing in low-carbon energy, including new nuclear, nor its efforts to tackle climate change, Energy Minister Andrea Leadsom told members of parliament (MPs) today. Meanwhile, a report issued by the National Audit Office (NAO) says the UK "lacks a proven, skilled supply chain to support the construction of a new power station".

Nuclear is strategic imperative for USA, says NEI

Nuclear Policies

11 July 2016

Preserving existing nuclear capacity and preparing to build large amounts of new nuclear capacity in the next decade are strategic imperatives for the USA, the Nuclear Energy Institute has told the US Department of Energy.