Nuclear Costs

Energy for Humanity’s Kirsty Gogan argues nuclear must follow renewables pathway and drive down costs. Many serious green campaigners and climate hawks acknowledge that to both urgently cut carbon and meet rapidly rising global energy demand, nuclear energy must play a significant role. Having acknowledged that the safety and waste risks have long been overblown, cost remains a barrier, especially when viewed through the lens of recent European budget and schedule overruns. But why is it that new nuclear is being delivered successfully elsewhere in the world – on budget and on schedule – with costs falling and not rising? To answer this question, I have been leading a major study for the UK’s Energy Technologies Institute, alongside Massachusetts-based Lucid Strategy. What we have found is that while nuclear can be expensive, it does not have to be.

Business Green 31st May 2018 read more »

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Published: 31 May 2018