Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Interest In Nuclear Power On Rise As Cost Of Importing Energy Increases

Interest In Nuclear Power On Rise As Cost Of Importing Energy Increases

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared.

As the costs of importing energy soars worldwide and climate crises wreak havoc, interest in nuclear power is on the rise with nations scrambling to find alternative sources.

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared.

But following Moscow's invasion of Ukraine in February, the subsequent squeeze on energy supplies and Europe's push to wean itself off of Russian oil and gas, the tide is now turning back in favour of nuclear.

Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter.

Some experts argue that nuclear power should not be considered an option, But others argue that, in the face of so many crises, it must remain part of the world's energy mix.

One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears.

This week Japan's Prime Minister Fumio Kishida called for a push to revive the country's nuclear power industry, and build new atomic plants.

Other countries that were looking to move away from nuclear have discarded those plans -- at least in the short term.

Less than a month after Russia's attack on Ukraine, Belgium delayed by a decade its plan to scrap nuclear energy in 2025.

While nuclear power, currently used in 32 countries, supplies 10 percent of the world's electricity production, the International Atomic Energy Agency (IAEA) raised its projections in September for the first time since the 2011 disaster.

The IAEA now expects installed capacity to double by 2050 under the most favourable scenario.

Climate reasoning


Even in Germany, Europe's biggest economy, sticking with nuclear is no longer a taboo subject as the energy crisis rekindles debate on shutting down the country's last three nuclear power plants by the end of 2022.

Berlin said last month it would await the outcome of a "stress test" of the national electric grid before deciding whether to stick with the phaseout.

Greenpeace Germany's climate and energy expert, Gerald Neubauer, said turning to nuclear was "not a solution to the energy crisis".

He said nuclear energy would have "limited" efficacy in replacing Russian gas since it is mainly "used for heating" in Germany not for electricity production.

"The reactors would only save the gas used for electricity, it would save less than one percent of the gas consumption," he added.

But according to Nicolas Berghmans, energy and climate expert at the IDDRI think tank, extending the use of nuclear "can help".

"Europe is in a very different energy situation, with several overlapping crises: the problem of Russian gas supply, the drought that has reduced the capacity of dams, the French nuclear plants' weak output... so all the levers matter," he said.

The pro-nuclear lobby says it is one of the world's best options to avoid climate change since it does not directly emit carbon dioxide.

In fact, nuclear energy accounts for a bigger share of the world power mix in most of the scenarios put forward by the IPCC, the UN's climate experts, to alleviate the global climate crisis.

Divided opinions


As the need for electricity booms, several countries have expressed a desire to develop nuclear infrastructure including China -- which already has the largest number of reactors -- as well as the Czech Republic, India and Poland since nuclear offers an alternative to coal.

Likewise, Britain, France and the Netherlands have similar ambitions, and even the United States where President Joe Biden's investment plan encourages the sector's development.

The IPCC experts recognise that the deployment of nuclear energy "can be constrained by societal preferences" since the subject still divides opinion because of the risk of catastrophic accidents and the still unresolved issue of how to dispose of radioactive waste safely.

Some countries, like New Zealand, oppose nuclear, and the issue has also been hotly debated in the European Union over whether it should be listed as a "green" energy.

Last month, the European Parliament approved a contentious proposal giving a sustainable finance label to investments in gas and nuclear power.

Other issues remain over nuclear infrastructure including the ability to build new reactors with costs and delays tightly controlled.

Berghmans pointed to "long construction delays".

"We're talking about medium-term solutions, which won't resolve tensions in the market", as they will arrive too late to address climate crises, he said, but suggested focusing on the "dynamic" renewable energies sector that can be immediately helpful.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Ukrainian government intensifies pressure on Hungary and Slovakia with oil blockade
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
×