Related Topic: Economics

Barclays highlights role of nuclear in net zero

Barclays highlights role of nuclear in net zero

Nuclear energy's high load factors and reliability could make achieving net-zero affordable, according to a special report published yesterday by Barclays. Nuclear is "safer than commonly assumed", while new technology and further research could make it even cleaner, safer and cheaper, it says, "paving the way for a greater contribution to the global energy transition".

Energy & Environment 03 June 2021


Report highlights economic benefits of Canadian SMR deployment

Report highlights economic benefits of Canadian SMR deployment

The construction of the first BWRX-300 small modular reactor in Ontario will generate about CAD2.3 billion (USD1.9 billion) in GDP, CAD1.9 billion in labour income and more than CAD750 million in federal, provincial and municipal tax revenue, PwC Canada has estimated in an independent report commissioned by GE Hitachi Nuclear Energy.

New Nuclear 03 June 2021


NRC fees must change to enable innovation, says panel

NRC fees must change to enable innovation, says panel

As multiple advanced reactor vendors enter the licensing process to build first-of-a-kind demonstration projects, issues with the US Nuclear Regulatory Commission's current user fee cost recovery model could slow innovation and raise regulatory costs, according to a report published yesterday by the Nuclear Innovation Alliance (NIA). Reliance on applicant fees limits the ability of the NRC to hire and train staff ahead of expected applications, reducing regulatory efficiency, the report says.

Regulation & Safety 20 May 2021


NPT signatories must enable a renewed vision for nuclear, says Bilbao y León

NPT signatories must enable a renewed vision for nuclear, says Bilbao y León

US President Dwight Eisenhower's 'Atoms for Peace' speech to the UN General Assembly in 1953 is still relevant as the world of today confronts the existential threat of climate change, World Nuclear Association Director General Sama Bilbao y León told delegates at a preparatory event for the Tenth NPT Review Conference that is expected to take place in August. Speaking at the event - titled Industry and Peaceful Applications of Nuclear Technology - Bilbao y León called upon all signatories to the Treaty on the Non-Proliferation of Nuclear Weapons, which entered into force in 1970, to support the expansion of civil nuclear power.

Regulation & Safety 07 May 2021


Economic viability study a 'wakeup call' for US plants: NEI

Economic viability study a 'wakeup call' for US plants: NEI

Most of the nuclear plants in the PJM Interconnection wholesale electricity market - covering 13 US states and the District of Columbia - will not produce enough revenue to remain economically viable in the coming years, an independent economic evaluation has concluded.

Corporate 30 April 2021


Independent auditors recommend financial support for Illinois plants

Independent auditors recommend financial support for Illinois plants

An independent financial audit requested by the state of Illinois has found the Byron and Dresden nuclear power plants face "real risk" of becoming uneconomic in the near term. State support could help provide security for the plants to be part of a strategy for Illinois to transition to less carbon-emitting resources, the report finds.

Corporate 20 April 2021


Nuclear power can help raise climate ambitions

Nuclear power can help raise climate ambitions

Policymakers who ignore nuclear energy are not serious about meeting climate goals, delegates said at an Atlantic Council webinar last week. The first in the Raising Ambitions series, the event highlighted the attributes of this clean source of electricity and heat ahead of the Leaders’ Climate Summit, which the US Administration is hosting on 22-23 April.

Energy & Environment 12 April 2021


Nuclear is a 'credible cost competitor', says IMF working paper

Nuclear is a 'credible cost competitor', says IMF working paper

A working paper published by the International Monetary Fund last week uses multiplier analysis to determine the impact that investment in clean energy would have on the economic recovery from the COVID-19 pandemic.  The document - Building Back Better: How Big Are Green Spending Multipliers? - states clean energy sources are: solar, wind, hydro, geothermal, biomass and nuclear, which it then divides into renewable and non-renewable.

Energy & Environment 25 March 2021


IMF lead evaluator: Aligning the stars for clean energy

IMF lead evaluator: Aligning the stars for clean energy

Greening our economies is not just smart for the planet; most likely it is also the surest and cheapest route back to a prosperous global economy. This is the conclusion of a working paper the International Monetary Fund will publish tomorrow, one of its co-authors said today during World Nuclear Association's Strategic eForum on Sustainable Finance. The virtual conference examined the measures needed to ensure nuclear energy can make its fullest contribution to the twin goals of decarbonisation and economic recovery from the pandemic.

Energy & Environment 18 March 2021


Nuclear can bring balance to climate debate, says EC official

Nuclear can bring balance to climate debate, says EC official

The workshop the International Energy Agency and the International Atomic Energy Agency held jointly last week was very timely because the European Union is at an important juncture, and must consider the role of a variety of energy sources in its electricity mix if it is to achieve its decarbonisation goals, said Massimo Garribba, deputy director general of DG-Energy at the European Commission, adding that those sources include nuclear energy.

Energy & Environment 08 March 2021