Nuclear Power Needs More Government Help in Climate Change ... - Bloomberg
Nuclear Power Needs More Government Help in Climate Change Fight, IAEA Says - Bloomberg
Nuclear Industry Needs More State Money, Officials Warn
- IAEA convenes high-level meeting of industry and regulators
- Atomic output may need to double by 2050 to meet targets
The sector’s focus has shifted to Asia, where state-led companies in China plan to build about eight new reactors a year through 2035.Source: China News Service/Getty Images
The nuclear industry needs more financial support from governments to boost output as private markets have underestimated the long-term value of emissions-free atomic power, international officials said.
The International Atomic Energy Agency convened a quadrennial conference in Vienna on Monday, where industry executives and regulators are assessing what needs to be done for nuclear energy to play a larger role in tackling climate change.
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Nuclear Industry Needs More State Money, Officials Warn
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.