RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2021-06-04 12:05:00

NUCLEAR FOR ZERO

NUCLEAR FOR ZERO

WNN03 June 2021 - 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".

The reportNuclear for a decarbonised future, notes that the energy sector generates about 35 gigatonnes of CO2 emissions annually. This means that to make net-zero carbon a reality by 2050, the world’s energy mix will have to transform at its fastest pace in a century, it says, with a major shift away from fossil fuels to zero-carbon emitting generation sources.

The Barclays Energy Research Team examined this transformation in Global Energy: Opportunities in decarbonisation, published in March. There, it highlighted that one of the most important strategies to reach ambitious decarbonisation targets is to shift the global generation mix towards a significantly higher share of generation that does not emit CO2. These sources can include, it said, wind, solar photovoltaic, hydropower and nuclear.

"Given the scale of the challenge to transform the global generation mix, it is likely that nuclear will have to play a more important role in certain power markets, especially where there is clear and adequate government support," the report says.

It lists four of nuclear power's main attributes.

First, that nuclear generates no direct carbon or greenhouse gas emissions, and has one of the lowest life-cycle carbon emission rates of all generation technologies, when accounting for indirect emissions associated with the mining of fuel and plant construction.

"We believe nuclear could form the base load generation necessary to enable the safe, reliable, affordable decarbonised grid Environmental, Social, and Corporate Governance investors are pushing for," the report says.

Second, nuclear has a reliability factor of 80-90% (with many plants above 90%), compared with wind at 30-40% and solar at 10-25%.

"Along with its long plant life, nuclear works out comparatively affordable, especially when factoring in storage costs required for renewables. Nuclear’s high capital costs could come down if its life was extended or more plants were built, allowing for construction experience to shorten construction time and costs," the report says.

Third, nuclear has the lowest mortality rate of all types of power generation, in terms of deaths per terawatt-hour.

"New technology aimed at protecting reactor cores using the laws of physics (as opposed to power) should create even safer solutions," the report says.

Fourth, annual nuclear waste generation is significantly less than the expected volumetric annual waste from retired solar panels, wind turbine blades and lithium ion batteries (including in electric vehicles). Recycling or reprocessing fuel in the case of nuclear could reduce waste by up to 97%, which is more efficient than solar panels, wind turbine blades or lithium ion batteries, it says.

In spite of its advantages, nuclear power "still divides investor opinion", the report says, and significant regional differences are evident regarding how nuclear power is viewed from an Environmental, Social, and Corporate Governance perspective. Referring to the EU Taxonomy on sustainable finance, the report notes that, "The European Union has not yet formed its official view on nuclear energy, but when this comes it may provide additional clarity on the role of nuclear in the green transition."

-----


Earlier:

NUCLEAR FOR ZERO
2021, May, 25, 12:35:00
NUCLEAR RENEWABLE ENERGY
Nuclear and renewables are the two principal, currently available options for low emission energy generation.
NUCLEAR FOR ZERO
2021, May, 17, 11:45:00
NUCLEAR POWER: CLEAN, LOW-CARBON, SUSTAINABLE
Nuclear energy should be clearly recognised in national and international policies and conventions as clean, low-carbon and sustainable alongside other low-carbon, clean and sustainable energy technologies.
NUCLEAR FOR ZERO
2021, May, 4, 12:30:00
NUCLEAR POWER: INCREDIBLY IMPORTANT
"The fact that nuclear energy is a very low emissions technology is going to ensure that we have clean air, clean water and that we have plenty of open space to actually enjoy and have healthy communities."
NUCLEAR FOR ZERO
2021, May, 4, 12:25:00
NUCLEAR FOR ENVIRONMENT
The word 'clean' applies to nuclear energy in a 'holistic' way. For example, the absence of air pollution and what that means for the health of people, settlements and ecosystems. Another important benefit of nuclear energy, in contrast to some other clean energy technologies, concerns land use.
NUCLEAR FOR ZERO
2021, April, 1, 12:20:00
NUCLEAR DECARBONISATION
Grossi said nuclear energy is a longstanding source of low-carbon electricity, has innovative solutions for further decarbonisation, and it enables renewable energy to be more effective.
NUCLEAR FOR ZERO
2021, April, 1, 12:15:00
NUCLEAR WITHOUT CARBON
Nuclear power is relatively expensive and some environmental groups worry about accidents and the storing of spent fuel, which is dangerous. Still, it’s the only source of carbon-free power that can run around the clock.
NUCLEAR FOR ZERO
2021, March, 30, 12:25:00
NUCLEAR FOR CLIMATE
"The analyses did not reveal any science-based evidence that nuclear energy does more harm to human health or to the environment than other electricity production technologies already included in the Taxonomy as activities supporting climate change mitigation,"
All Publications »
Tags: NUCLEAR, CLIMATE
Chronicle:
NUCLEAR FOR ZERO
2021, October, 18, 12:24:00
Ключевые компании водородной индустрии России и стран СНГ уже подтвердили участие
350+ руководителей, заинтересованных в развитии водородной энергетики из России и СНГ, уже подтвердили свое участие в международной конференции и выставке «Водород Россия и СНГ», которая пройдёт 20-21 октября 2021 в Москве.
NUCLEAR FOR ZERO
2021, October, 18, 12:20:00
GERMANY'S RENEWABLES 239 TWH
The German transmission systems operators (TSOs) 50Hertz, Amprion, TenneT and TransnetBW anticipate the installation of 8.2 GW of renewable energy capacity in 2022 and a renewable power production increase by 5% to 239 TWh
NUCLEAR FOR ZERO
2021, October, 18, 12:15:00
POLISH NUCLEAR FOR CLIMATE
Poland, which generates 70% of its electricity from coal, has plans to build several nuclear power reactors to greatly reduce its reliance on the most carbon-intensive fossil fuel and meet climate goals,
NUCLEAR FOR ZERO
2021, October, 18, 12:10:00
DENMARK OFFSHORE WIND 3 GW
The offshore wind project at the Bornholm island may have an installed capacity of 3 GW, instead of 2 GW.
NUCLEAR FOR ZERO
2021, October, 18, 12:05:00
VIETNAM COAL POWER WILL UP
The draft Power Development Plan 8 (PDP 8) of Vietnam forecasts an installed capacity of 144 GW in 2030, with coal-fired power plants accounting for 31% of the country's installed capacity in 2030.
NUCLEAR FOR ZERO
2021, October, 18, 12:00:00
U.S. RIGS UP 10 TO 543
U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.
NUCLEAR FOR ZERO
2021, October, 15, 09:40:00
OIL PRICE: ABOVE $84
Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.
All Publications »