Nuclear Energy - Will it help solve climate change?
by Environment North member Kerstin Muth
Environment North has been opposed to nuclear energy since the 1970s due to the absence of a real solution for the radioactive waste, cost and safety.
Excerpts from two letters to the Financial Times outline opposing positions on the necessity of nuclear energy helping to address climate change.
First the letter from those believing nuclear energy is necessary to address climate change:
On December 17, 2019 climate scientist James Hansen and others wrote,
“Nuclear power is the single biggest source of low-carbon electricity in Europe today and is recognised in many of the scenarios assessed by the Intergovernmental Panel on Climate Change, the International Energy Agency and other organisations as having a critical role to play in responding to the climate emergency. It is therefore vital that nuclear is included in the EU's new classification system for environmentally sustainable activities, which is being negotiated in Brussels. … But progress is being blocked by several countries, including Germany, which claim nuclear should be excluded because of their concerns about nuclear waste. This is in spite of clear evidence that nuclear waste does not and will not cause harm to sustainability objectives. Nuclear energy displaces fossil fuel use, with significant air pollution and climate benefits. …”
Now the position by those that believe nuclear energy is not the best option to address climate change:
On December 20, 2019 energy analyst Paul Dorfman and others wrote, “We write in response to James E Hansen et al’s letter (“EU must include nuclear power in its list of sustainable sources”, December 17), which mistakenly advocates nuclear energy to address climate change. In fact, spending on new nuclear power significantly reduces our chances in effectively responding to climate change. This is because, for nuclear to be considered a feasible option, new reactors should be able to be completed economically, efficiently and on time — however, practical experience proves otherwise. Nuclear new-build represents a high-risk technical, regulatory and investment option, with significant delay and cost overrun. Market analysis shows investment in nuclear power to be uneconomic — this holds for all plausible ranges of investment costs, weighted average costs of capital, and wholesale electricity prices. In the end, the fate of new nuclear seems inextricably linked with, and determined by, that of renewable energy technology rollout. Worldwide, market trends for new nuclear are in stark decline and renewables are markedly rising. ....”